Capital One Posts Lower Mortgage Rates on October 2, 2014

Capital One Posts Lower Mortgage Rates TodayMortgage interest rates have moved down today at Capital One. The best rate for a 30-year fixed mortgage today is 4.000% with an APR of 4.084%, while the popular shorter-term 15-year fixed loan is quoted at 3.375% with an APR of 3.485%. Buyers can lock into a 5/1 ARM at 3.000% for the first five years with an APR of 2.977%. A 7/1 adjustable rate mortgage is published at 3.125% for seven years with an APR of 3.049%.

Capital One has posted lower competitive rates for jumbo loans. Buyers can lock into a 30-year fixed jumbo mortgage at a 4.125% interest rate with an APR of 4.147% or a 15-year jumbo loan with an interest rate of 3.750% with an APR of 3.788%. A 5/1 jumbo ARM has a published rate as low as 2.750% for five years with an APR of 2.862%. A 6/1 jumbo adjustable rate mortgage is published at 3.125% for seven years with an APR of 3.010%.

Capital One is offering new lower deals on refinance loans as well. Well qualified homeowners can lock into a 30-year refinance loan at 4.125% with an APR of 4.178%. A 15-year refi loan is published at 3.500% with an APR of 3.593%. Homeowners who want greater flexibility can lock into a 5/1 ARM refinance at 3.125% with a corresponding APR of 3.021% or a 7/1 ARM with a rate of 3.250% for seven years with an APR of 3.098%.

Capital One mortgage rates assume excellent credit history with a 40% down payment. Visit Capital One’s website for a customized rate quote.

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.