Capital One Financial is a reputed and experienced banking institution in the United States of America which offers pretty good fixed rate home mortgage schemes to the potential home buyers. The bank has been offering their standard FRMs and ARMs at discounted rates. However, today the bank decided to make no major changes to their standard FRMs interest rates which is why a lot of potential mortgage buyers got disappointed due to no reduction in the rates.
The benchmark 30 year fixed rate mortgage schemes at Capital One Financial (NYSE: COF) were being offered for an interest rate of 4.125% along with an annual percentage rate of 4.209% as on Wednesday, September 24, 2014. The short term 15 year FRMs at the bank on the other hand were listed for 3.500% rate of interest along with an APR of 3.592% to start with. The APR and the interest rates on these schemes remained unchanged.
The usually higher rate of interest jumbo 30 year loans can be easily acquired for 4.500% rate of interest yielding an annual percentage rate of 4.522%. The bank also offers an interest rate of 4.000% today on the short term jumbo loans for 15 years. These schemes did yield an annual percentage rate of 4.038% to begin with which is pretty decent by all means.
The flexible adjustable rate mortgage schemes at the Capital One Financial are being quoted at 3.125% interest rate along with an annual percentage rate of 3.021%. The 7 year ARMs on the other hand are coming out at 3.125% interest rate with an annual percentage rate of 3.059%. The interest rates and annual percentage rates on these mortgage schemes too remained unchanged which is a bit surprising for the potential home buyers.
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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