Capital One Financial is one of the biggest and the most reputed banking institutions in the country that offers high end home mortgage schemes to the customers. The bank does offer its benchmark 30 year fixed rate mortgage schemes at affordable rates and there are some short term schemes as well that the potential home loan shoppers can consider opting for. On Thursday, August 28, 2014, the bank decided not to make any favorable or unfavorable changes to its benchmark fixed mortgage scheme rates. Most of the interest rates did remained unchanged today.
The fixed rate home mortgage schemes stood at an interest rate of 4.125% at Capital One Financial as on August 28, 2014. The 30 year schemes did yield an APR of 4.178%. The Capital One Financial (NYSE:COF) also offers short term 15 year variants of the fixed rate mortgage options and they were listed at a rate of interest of 3.375% and an annual percentage rate of 3.466%. The interest rate of 15 year loans too remained unchanged today.
For all those who are willing to finance their dream of buying an expensive house, the bank offers Jumbo home mortgage schemes at lucrative rates. The 30 year long term jumbo loan interest rates were quoted at 4.250% interest rate yielding an annual percentage rate of 4.272%. The 15 year jumbo fixed rate home mortgage schemes were listed at 3.750% interest rate in addition to an annual percentage rate of 3.788%.
The bank offers ARMs for the individuals who are in search of affordable and flexible mortgage schemes. The 5 year adjustable rate mortgage schemes at Capital One Financial stood at 3.000% interest rate and an APR of 2.987%. The long term 7 year variants of the ARMs start at a rate of interest of 3.125% and an annual percentage rate of 3.059%.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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