With almost every major mortgage lender either dealing with sky-high interest rates or struggling to keep the home loan rates grounded, potential home buyers are quite anxious about making a final decision. Among all the top lenders, Capital One Financial Corp (NYSE: COF) is one such bank that manages to keep its benchmark 30 year fixed mortgage rates steady on December 13, 2013, and made only a few changes to the jumbo financing options.
This Friday, the prospective customers will find standard 30 year fixed rate mortgage loans quoted at the same interest rate of 4.500% and carrying an APR yield of 4.503% in the loan books of the lender. The popular short term 15 year fixed rate mortgage loans can be acquired at an interest rate of 3.500% and an APR yield of 3.506% today.
When it comes to financing the dream of owning a grand house, the jumbo loan options available with Capital One financial can come really handy. Today, the lender increased the rates of 30 year jumbo fixed rate mortgage loans and published them at 4.625%, which is accompanied by an APR yield of 4.626%. In the short term jumbo financing division, the borrowers can acquire 15 year fixed rate mortgage loans at a rate of 4.000%, while enjoying an APR yield of 4.002%.
As far as the loans for those interested in getting flexible rates of interest are concerned, the adjustable rate mortgage deals published in the portfolio would serve as an ideal match for the lenders’ need. The customers can procure 5 year adjustable rate mortgage loans at a rate of 3.000% and an APR yield of 2.921% to begin with. When it comes to more flexible options, the 7 year adjustable rate mortgage loans are coming out at a rate of 3.375% today and yielding an APR of 3.109% today.
Capital One Financial appears to be practically constructing its very own city in the West Plano region. Last week, the bank inaugurated two more buildings and a new parking garage in their Campus spread over 130 acres. These two new buildings feature a Starbucks coffee shop, a cafeteria, a Jamba Juice smoothie outlet and of course, a huge working space for over hundreds of new workers. After this inauguration, the Capital One Campus has now a total of seven buildings and three parking garages, all constructed since 2008.
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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