Current Mortgage Rates Offered by Capital One on 23rd July

Current Mortgage Rates Offered by Capital One on 23rd JulyWhile other big banks like Wells Fargo and JPMorgans Chase have slowed down their auto loan growth, Capital One continues to extend market reach by pushing aggressively in auto loans category. Capital One continues to pursue bigger volumes in prime auto loans with an increase of 19% in the second quarter this year.

Latest Mortgage rates published by Capital One on Wednesday, 23rd July, remained unchanged or dropped for most of their loan categories. For the loan amount of up to $417,000, interest rate and APR remained unchanged from Monday except for APR rates offered for 15 Year fixed rate that dropped from 3.442% to 3.424% and for 7/1 Adjustable Rate that dropped from 2.968% to 2.958% today. More details for their Fixed Rate and ARM Mortgage Loan categories for loans up to $417,000 are shared below.

Fixed Rate Mortgage Loans : Capital One 23rd July
15 Years Fixed Rate :       3.375% Interest Rate      3.424% APR
30 Year Fixed Rate :         4.125% Interest Rate      4.153% APR

Adjustable (ARM) Mortgage Loans : Capital One 23rd July
5/1 Adjustable Rate        3.000% Interest Rate      2.872% APR
7/1 Adjustable Rate        3.125% Interest Rate      2.958% APR

Rates For Loan Amount between $417,001 and $625,500

New rates offered by Capital One under this category witnessed major drop on Wednesday as interest rate for 15 Year Fixed rate dropped from 3.375% to 3.250% today with an Annual Payment Rate of 3.316%. For the 30 year Fixed Rate, the interest rate remained unchanged for 4.125% with APR of 4.142%.

For adjustable Mortgage Loans category, interest rates and APR dropped for both of their 5/1 and 7/1 Adjustable Rate Loans. Latest published rates are as follows.

Adjustable (ARM) Mortgage Loans : Capital One 23rd July
5/1 Adjustable Rate        3.000% Interest Rate      2.872% APR
7/1 Adjustable Rate        3.375% Interest Rate      3.064% APR

Rates For Loan Amount greater than $625,500

Interest and APR rates also decreased today under larger loan category for both fixed and Adjustable rate loans. Details are shared below.

Fixed Rate Mortgage Loans : Capital One 23rd July
15 Years Fixed Rate :       3.750% Interest Rate      3.810% APR
30 Year Fixed Rate :         4.250% Interest Rate      4.274% APR

Adjustable (ARM) Mortgage Loans : Capital One 23rd July
5/1 Adjustable Rate        2.625% Interest Rate      2.720% APR
7/1 Adjustable Rate        3.000% Interest Rate      2.887% 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.