The shorter term 15 year FRM interest rates are being quoted at 3.375% at the bank yielding an APR of 3.381%.
The Jumbo 15 year interest rates can be had for 3.500% and an APR of 3.502% today. In the ARM arena, 5 year deals at Capital One have been published at 3.000% carrying an APR of 2.839%. The 7/1 ARM deals are being quoted at 3.375% showing an APR of 3.041%.
Stock Market Movement Today
Interest rates banks charge fluctuate often because of MBS’s which sometimes move with the stock market. Securities dropped by market close today to leave the DJIA at 15,337.70 a decrease of -113.35.
Today the bank moved in the same direction as the stock traders. Also in the market, the stock price of Capital One increased to 67.60 up +0.59.