Capital One Financial is a popular banking institution in the United States of America that deals in affordable home mortgage schemes. The bank decide to make no major changes in its standard 30 year fixed rate mortgage schemes which is why the potential home loan buyers got a bit of disappointed as they were willing to take up loans at discounted rates. Capital One Financial Corp (NYSE: COF) didn’t really make any major changes to their other schemes too as on Friday, September 19, 2014.
The standard 30 year fixed rate loans at Capital One Financial were offered at 4.250% interest rate as on Friday, September 19, 2014. These long term schemes at Capital One Financial (NYSE: COF) also yielded an APR of 4.303% to start with. The short term 15 year FRMs at Capital One Financial were offered for 3.500% interest rate yielding an APR of 3.592% to start with. The interest rates and APR for these schemes too remained unchanged.
The bank’s 30 year jumbo loans for the purchase of expensive homes were published at an interest rate of 4.625% in addition to an annual percentage rate of 4.647% which is a bit higher than the rates of traditional mortgage schemes. The 15 year jumbo FRMs at the bank did stand at 4.000% rate of interest today yielding an APR of 4.057% to start with.
The bank even offers flexible adjustable rate mortgage options at good rates to the customers. People looking for these flexible schemes can opt for either the 5 year or the 7 year variants. The 5 year ARMs at Capital One Financial were listed at 3.125% interest rate and an APR of 3.011%. The 7 year ARMs were quoted at 3.250% rate of interest along with an annual percentage rate of 3.097%.
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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