Capital One Financial Corp is one of the biggest banks in the United States of America. The bank has been offering a wide range of fixed rate and adjustable rate mortgage schemes to the potential home buyers. The bank excels in offering high end mortgage schemes and on Thursday, September 25, 2014 the bank decided to make no favorable or unfavorable changes to its standard FRMs. This is one of the major reasons why a lot of people were disappointed as they were willing to acquire one of the mortgage schemes at reduced interest rates.
The benchmark 30 year fixed rate home mortgage schemes at Capital One Financial Corp (NYSE:COF) stood at an interest rate of 4.125% to start with today and these schemes did yield
an annual percentage rate of 4.178% which is quite similar to what it was yesterday. The short term 15 year benchmark schemes at the bank were being offered at a fixed interest rate of 3.375% along with an APR of 3.521% to begin with.
The finest 30 year jumbo exclusive schemes were listed at an interest rate of 4.500% at Capital One Financial carrying an annual percentage rate of 4.533% which is quite decent by all means. The individuals who do find these schemes to be pretty expensive can opt for shorter variants too. The 15 year jumbo schemes at the bank were listed at 4.000% rate of interest and an APR of 4.038%.
Capital One Financial even offers high end adjustable rate mortgage schemes to the potential home buyers. These flexible schemes for 5 years are offered at an interest rate of 3.125% and an annual percentage rate of 3.011%. The 7 year ARMs were being quoted at 3.250% today yielding 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.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.