Current Mortgage Rates at Capital One Bank (24th July)

Current Mortgage Rates at Capital One Bank (24th July)

According to financial experts, the strong growth results for Capital One published last week indicate that there is healthy growth in credit card balances and card payment volumes. As the bank put a genuine effort to improve credit quality, the attempt ultimately resulted in keeping loan provisions low and higher volumes. Capital One announced a net profit of $1.2 billion last week in second quarter of this year.

Interest rates published today for most of the Capital One mortgage loan products remained same or increased on 24th of July. For their benchmark mortgage loan category for loans below $417,000, interest rates remained same with an increase in APR for both 15 and 30 Year Fixed Rate category. More details are shared below.

Fixed Rate Mortgage Loans: Capital One 24th July
15 Years Fixed Rate: 3.375% Interest Rate 3.461% APR
30 Year Fixed Rate: 4.125% Interest Rate 4.164% APR

If locked at the above rate, borrowers can pay a monthly installment of $1,771.90 for 15 Year Fixed Rate and $1,211.63 for 30 Year fixed rate for a loan amount of $250,000.

Those interested in Adjustable Rate Mortgage can read the latest rates under this category under following table.

Adjustable (ARM) Mortgage Loans: Capital One 24th July
5/1 Adjustable Rate 3.000% Interest Rate 2.882% APR
7/1 Adjustable Rate 3.125% Interest Rate 3.006% APR
* Interest Rates under Adjustable Mortgage Rates are for first 5 and 7 years respectively.

Rates published for the loan amount from $417,001 to $625,500 are shared below.

Fixed Rate Mortgage Loans: Capital One 24th July
15 Years Fixed Rate: 3.375% Interest Rate 3.405% APR
30 Year Fixed Rate: 4.125% Interest Rate 4.153% APR

Adjustable (ARM) Mortgage Loans: Capital One 24th July
5/1 Adjustable Rate 3.125% Interest Rate 2.896% APR
7/1 Adjustable Rate 3.500% Interest Rate 3.113% APR

Latest interest rates for all loans higher than $625,500 are shared below.

Fixed Rate Mortgage Loans: Capital One 24th July
15 Years Fixed Rate: 3.875% Interest Rate 3.899% APR
30 Year Fixed Rate: 4.375% Interest Rate 4.399% APR

Adjustable (ARM) Mortgage Loans: Capital One 24th July
5/1 Adjustable Rate 2.625% Interest Rate 2.729% APR
7/1 Adjustable Rate 3.125% Interest Rate 2.934% 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.