The benchmark 30 year FRMs are 4.250% at Capital One Financial (NYSE:COF) with an APR of 4.253% today. The typically higher interest jumbo 30 year loans at the bank are 4.125% yielding an APR of 4.126%.
The shorter term 15 year FRM interest rates have been listed at 3.375% and APR of 3.381%.
15 year Jumbo loan interest rates are published at 3.500% today yielding an APR of 3.502%. The 5/1 ARM deals at Capital One are published at 2.875% showing an APR of 2.796%. ARM loans in the 7 year category are on the books at 3.375% and an APR of 3.041%.
From a market perspective
Mortgage rates are influenced by mortgage backed securities that roughly follow motions in the stock market. Security markets fell by close of day today with the DJIA at 15,337.70 up -0.73%.
As expected the bank moved in the same direction as the DJIA day end results. Also in the market, Capital One’s own stock price increased to 67.60 up +0.88%.