Today’s Mortgage Rates at Capital One Bank (July 15, 2014)

With regards to the standard, long term home loans, the bank is now offering its 30 year fixed rate mortgage home loans at an interest rate of 4.125% and are carrying an annual percentage rate of 4.153%. The short term, 15 year fixed rate mortgage home loans are now up for grabs at a lending rate of 3.375% and an annual percentage rate of 3.424% this Tuesday.The borrowers, who are willing to invest in expensive homes and are planning on having their investments financed through Capital One Financial, can now opt for the best 30 year jumbo fixed rate mortgage home loans, which are now priced at an interest rate of 4.500% and are backed by an APR of 4.514%.  The relatively shorter, 15 year counterparts of the 30 year jumbo fixed rate mortgage home loans are now listed in the bank’s books at an interest rate of 3.875% and are carrying an APR yield of 3.899% today.

In the adjustable rate mortgage home loan division, the interested borrowers can find the 5 year flexible mortgage packages being published at a lending price of 3.125% and being backed by an APR yield of 2.906%, which is subject to change as interest rates adjust on a normal trading day.  The more flexible, 7/1 adjustable rate mortgage deals can be seen traded at a lending price of 3.250% and yielding an APR of 3.006% towards the beginning of the home loan tenure.

The mortgage home loan rates quoted by banks are usually affected by the change in the overall price change experienced by the mortgage backed bonds and securities, which trail the stock market movements on any normal trading day. As the stock market plummeted towards the end of the trading day and reduced the DJIA index by -113.35, the bank moved along the same path for quoting its lending rates. Irrespective of the mortgage rates, the stock price of COF shares improved by +0.88% and closed at a new price point of 67.60.