Current Mortgage Rates Spike at Capital One on Friday October 10

Current Mortgage Rates Spike at Capital One on Friday October 10Mortgage rates have climbed at Capital One Financial on Friday, October 10, 2014. The standard 30-year fixed mortgage is quoted higher at 4.000% with an APR of 4.052%. The shorter-term 15-year fixed loan is published at a higher 3.375% today with an APR of 3.466%.

Buyers who want more flexibility can lock into a 5/1 ARM today at 3.000% for the first five years with an APR of 2.967% to start. A 7/1 adjustable rate mortgage is published at 3.125% for the first seven years with an APR of 3.039%.

In qualifying areas, Capital One offers larger conforming loans. A larger 30-year fixed mortgage is quoted at 4.000% with an APR of 4.029%, while the larger shorter-term 15-year fixed loan is published at 3.250% today with an APR of 3.337%.

A larger 5/1 ARM is published at 3.000% to start with an APR of 2.946%, while the larger 7/1 ARM is published at 3.250% for the first seven years with an APR of 3.095%.

Capital One offers the best mortgage deals on jumbo loans, which are quoted lower than conforming loan rates. A 30-year jumbo loan is advertised at 3.875% today with an APR of 3.907%. A 15-year fixed jumbo mortgage is quoted at 3.625% with an APR of 3.663%, which is the best fixed deal of the day. A 5/1 ARM is published at 2.625% for the first five days with an APR of 2.819%. A 7/1 adjustable rate mortgage is quoted at 3.000% for the first seven years with an APR of 2.952%.

Capital One Refinance Rates

A 30-year fixed refinance loan is quoted at 4.000% today with an APR of 4.074%. The shorter-term 15-year loan is published at 3.375% with an APR of 3.504%. Homeowners can refinance into a 5/1 ARM refi at 3.125% for the first five years with an APR of 3.012%. A 7/1 adjustable rate mortgage refinance is quoted at the same 3.125% interest rate for seven years with an APR of 3.050% to start.

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.