Capital One Mortgage Rates Lowered on August 1, 2014

Capital One Mortgage Rates Lowered on August 1, 2014

According to the mortgage related news from last week, mortgage rates in United States are still following the holding pattern. As the rates continue to decline, it is a good time for borrowers to lock on a mortgage rate.

 

Mortgage Rates for Loan up to $417,000

Latest Mortgage rates by Capital One on 1st August go down for most of their products or remained same. APR rate also decreased for most of their products on Friday. For their benchmark 30 Year Fixed Rate loan, the bank offered an interest rate of 3.375% yielding an APR of 3.479%. More details for their Fixed Rate Mortgage Loan category are as follows.

Fixed Rate Mortgage Loans: Capital One

15 Years Fixed Rate: 3.375% Interest Rate 3.479% APR

30 Year Fixed Rate: 4.125% Interest Rate 4.195% APR

Details about Capital One ARM Loan category are shared below.

Adjustable (ARM) Mortgage Loans: Capital One

5/1 Adjustable Rate 3.125% Interest Rate 2.988% APR

7/1 Adjustable Rate 3.250% Interest Rate 3.074% APR

* Interest Rates under Adjustable Mortgage Rates are for first 5 and 7 years respectively.

 

Mortgage Rates for Loan between $417,001 and 625,500

For the higher range of loan amount, details about both Fixed Rate and Adjustable Rate are shared under the following tables.

Fixed Rate Mortgage Loans: Capital One

15 Years Fixed Rate: 3.375% Interest Rate 3.405% APR

30 Year Fixed Rate: 4.125% Interest Rate 4.174% APR

Adjustable (ARM) Mortgage Loans: Capital One

5/1 Adjustable Rate 3.125% Interest Rate 2.978% APR

7/1 Adjustable Rate 3.500% Interest Rate 3.181% APR

 

Mortgage Rates for Loan Amount Greater than $625,501

Capital One also issued lowered mortgage rates on Friday for their larger loan amount category. The 15 Year Fixed Rate Loan interest rate lowered to 3.875% from 4.000% a day before. More details are shared below under the following tables.

Fixed Rate Mortgage Loans: Capital One

15 Years Fixed Rate: 3.875% Interest Rate 3.917% APR

30 Year Fixed Rate: 4.500% Interest Rate 4.514% APR

 

Adjustable (ARM) Mortgage Loans: Capital One

5/1 Adjustable Rate 2.750% Interest Rate 2.845% APR

7/1 Adjustable Rate 3.125% Interest Rate 3.002% APR

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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About the author

Rob is a analyst and reporter covering stocks and business news.