The benchmark 30 year fixed rate loans at Capital One Financial (NYSE:COF) have been offered at 4.250% with an APR of 4.253% today. The typically higher interest jumbo 30 year mortgage interest rates have been listed at 4.125% with an APR of 4.126%.
15 year loan interest rates are on the books at 3.375% and APR of 3.381%.
15 year Jumbo loans have been published at 3.500% carrying an APR of 3.502%. The 5 year ARM loans have been published at 3.000% at Capital One showing an APR of 2.839%. The 7 year ARM interest rates are available starting at 3.375% currently and an APR of 3.041%.
Stock Market Update
The rates published for mortgages vary because of securities made up of mortgage packages which move with the stock market. The stock market lowered by close of day today leaving the DJIA at 15,337.70 a decrease of -113.35.
For today at least the bank blindly followed the stock market direction. More specifically, Capital One’s own stock moved ahead to 67.60 up +0.59.