After enjoying a steady run for over a week, the benchmark 30 year fixed rate mortgage interest rates at Capital One bank moved to the better end of the performance chart on December 4, 2013. The customers who plan on financing their home purchase or refinance their existing homes, the better rate of interest quoted by Capital One Financial Corp (NYSE: COF) will make the available mortgage deals an even better choice.
As of now, the standard 30 year fixed rate mortgage loans are published in the bank’s books against an interest charge of 4.375% and are accompanied by an annual percentage rate of 4.404%. On the shorter side of the portfolio, the interested customers can acquire the best 15 year fixed rate mortgage deals today at an interest rate of 3.500% and can enjoy an impressive APR yield of 3.549%.
The customers who are seeking bigger financing options for dealing with their even bigger needs can go for the 30 year jumbo fixed rate mortgage loans which seem to be a perfect choice at an interest charge of 4.500% and an annual percentage yield of 4.514%. On the other hand, the relatively shorter, 15 year jumbo fixed rate home loans can be had by bearing an interest cost of 3.875%, which is backed up by an APR yield of 3.899%.
For the borrowers who are looking for more flexibility when it comes to interest rates, Capital One Financial caters to their needs by providing the best adjustable rate mortgage loans at amazing rates. Today, the mortgagors can obtain the 5 year adjustable rate mortgage home loans at an interest cost of 2.875% and an APR yield of 2.901%. The comparatively more flexible, 7 year ARM home loans are now up for grabs at an interest rate of 3.375% and an annual percentage yield of 3.133%.
In a recent deal, Intuit has signed a partnership with Capital One Financial and Wells Fargo bank for initiating a pilot program that will enable the financial institutions to comprehend the credit worthiness of their customer bases. This new partnership between Intuit, Capital One Financial and Wells Fargo bank is a clear sign that the financial institutions and the software providers are making use of cloud computing as well as data analytics for lowering down the risks associated with enhancing the quality of their services.
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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