Standard 30 year fixed rate loans at Capital One Financial (NYSE:COF) start at 4.125% carrying an APR of 4.128%. 30 year jumbo loan interest rates can be had for 4.250% at the bank and an APR of 4.251% a bit higher than the non-jumbo loans.
The shorter term 15 year loans at the bank have been offered at 3.375% today with an APR of 3.381%.
15 year Jumbo fixed rate loans are published at 3.625% and APR of 3.627%. In the ARM arena, 5 year deals at Capital One start at 2.875% yielding an APR of 2.878% at present. 7 year ARMs are coming out at 3.375% today and the APR is 3.109%.
Market Impact on Mortgage Rates
Mortgage interest rates fluctuate sometimes because of securities backed by mortgages which are in concert with stock market movements. Financial markets waned by close of day today to leave the DOW at 15,337.70.
For today the bank moved in the same direction as the days trading results. Drilling down a bit, Capital One’s own stock price gained ground to 67.60 up +0.88%.