Potential mortgage borrowers, who stop by the local branches of Capital One Financial Corp (NYSE: COF) today, will notice the benchmark 30 year fixed home loan rates maintaining an unchanged attitude the fresh as well as refinancing options.
Upon having a closer look at the fixed rate offerings, the standard 30 year fixed rate mortgage loans can be seen quoted at the same interest charge of 4.250%. As far as the annual percentage cost of loan is concerned, the 30 year FRM options are published at 4.279% today. For those who want to take a shorter road for reaching their dream destination, the bank provides 15 year fixed rate mortgage loans at an interest rate of 3.375% and an APR yield of 3.424%.
In the Jumbo loan arena, Capital One Financial aims at catering to the needs of the customers by publishing Jumbo Fixed Rate Mortgage loans in their financing portfolio. As of now, the 30 year jumbo FRM options can be procured at a rate of 4.375% and an APR equivalent to 4.389%. The relatively shorter, 15 year Jumbo fixed rate home loans are coming out at a rate of 3.750% and are yielding an APR of 3.774% today.
For those who are looking for more flexibility in terms of interest rates, the adjustable rate mortgage schemes available with Capital One Financial might prove to be an ideal choice. Today, the 5 year adjustable rate mortgage loan plans are quoted against an interest rate of 3.000% and an APR yield of 2.945%. As far as the 7 year plans are concerned, the customers can acquire them at an interest rate of 3.375% and an annual percentage rate of 3.133%.
Today, a woman filed a lawsuit against the Capital One Services claiming that the employer violated the state law by not providing her with the overtime compensation. The woman claimed to have worked for the company from July 1998 to April 2013 and was responsible for calling the customers for collecting debts, handling the loan documents, provided service concerning small business loans and helped the military persons to avail low interest loans.
According to her lawsuit, she had worked for more than 40 hours during a couple of weeks at bank and wasn’t paid overtime compensation, which is one and a half time more than the standard pay for every hour extra she worked at the office. She now seeks reimbursement of the unpaid compensation, along with attorney’s fees, liquidated damage costs, interest charges and other court fees.
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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