The fixed rate home mortgage rates at Capital One Financial Corp (NYSE: COF) are really affordable as compared to the rates being offered by the other banks. However, today the bank decided to make no positive or negative changes to the standard fixed rate mortgage interest rates. This the reason why the potential home mortgage buyers who were willing to take up one of the benchmark schemes might get disappointed. A lot of people were expecting some positive changes in the rates today.
The standard 30 year fixed rate mortgage schemes at the bank were on the books for 4.250% rate of interest today and these schemes yielded a total annual percentage rate of 4.303% which was also more or less same as yesterday. The 15 year short term fixed rate mortgage schemes as on Thursday, September 18, 2014 stood at 3.500% interest rate carrying an APR of 3.592% to start with.
The jumbo FRMs at Capital One Financial are offered at a higher rate as they are meant to fund an expensive house purchase. The 30 year long term jumbo FRMs stood at 4.625% rate of interest today. These schemes did yield an APR of 4.647% to begin with. The 15 year jumbo FRMs on the other hand were offered at 4.000% interest rate in addition to an annual percentage rate of 4.057%.
The bank even offers flexible ARMs to the clients who are in search of more flexible mortgage schemes. The 5 year ARMs at Capital One Bank were listed at 3.125% rate of interest carrying an annual percentage rate of 3.011% to begin with. Whereas, the 7 year ARMs were quoted for 3.250% interest rate with a starting annual percentage rate of 3.097%. The rate of interest and APR on the flexible ARMs too remained unchanged today.
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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