Home Mortgage Rates at Capital One Financial Corp on Friday, September 12, 2014

Home Mortgage Rates at Capital One Financial Corp on Friday, September 12, 2014Capital One Financial Corp (NYSE: COF) is an experienced banking institution in the country which offers exclusive and high end home mortgage schemes at discounted rates. The bank decided to not make any favorable or unfavorable changes in its standard 30 year and 15 year fixed rate mortgage schemes. This is one of the reasons why the potential home loan buyers who were willing to take up a mortgage scheme today might get a bit disappointed with the similar rates.

The benchmark 30 year fixed rate home mortgage schemes at Capital One stood at 4.125% interest rate with an annual percentage rate of 4.199% which is same as yesterday. Like the 30 year long term schemes, the shorter 15 year fixed rate mortgage schemes today too remained unchanged in terms of the APR and the interest rate. The 15 year fixed rate schemes at Capital One were available for 3.375% today yielding an APR of 3.521% to start with.

People looking to buy expensive penthouses and apartments can apply for exclusive jumbo loans offered by the bank. The 30 year jumbo home mortgage schemes at Capital One were  listed at 4.500% rate of interest and an annual percentage rate of 4.533% which is quite higher than the traditional loans. You could also opt for short term 15 year fixed rate mortgage schemes that were quoted at 4.000% interest rate in addition to a starting APR of 4.038%.

In the arena of adjustable rate mortgage options, the 5 year home mortgage schemes were listed at 3.125% with an APR of 3.011%. The 7 year ARMs were offered at 3.250% interest rate and the APR is 3.097%. With the recent news that’s coming out, the business owners whether small scale or large scale are quite upbeat about their venture with the bank because they have reported really good earnings in recent times and they are also reinvesting a lot which is benefiting the bank a great deal. Due to this, most of the small and medium enterprises have been able to take full advantage of the money they’ve set aside with the bank.

The bank’s spokesperson did confirm the news and it is also anticipated that this growth will improve manifolds in the coming weeks due to the great relationship between the business houses and the bank. This certainly looks like a great news for the Capital One Financial.

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.