The short term 15 year FRMs stand at 3.375% at the bank yielding an APR of 3.381% today.
15 year Jumbo FRMs are on the books at 3.500% today and an APR of 3.502%. As far as ARMs go, 5 year deals at Capital One start at 3.000% yielding an APR of 2.839%. 7 year Adjustable Rate Mortgages stand at 3.375% today carrying an APR of 3.041%.
How are the mortgage rates connected to the stock market?
Quotations of mortgage rates are sometimes sensitive to mortgage financial instrument prices which go in the same direction as the stock market. Security markets lowered by close of day to leave the DOW at 15,337.70 up -0.73%.
This time Capital One did not defy the market direction. More specifically, the banks stock improved to 67.60 up +0.88%.