Latest Mortgage Rates by Capital One: 22nd July

Latest Mortgage Rates by Capital One: 22nd JulyThe news surrounding Capital One last week was good as the bank reported better profits in the second quarter of this year.

Following the news, the company shares also increased by 2% by the end of last week to reach $84.16.

Rates published by Capital One for their two popular Mortgage Loan products, Fixed Rate and Adjustable Rate Mortgages for the amount up to $417,000 of are as follows:

Fixed Rate Mortgage Loans : Capital One 22nd July
15 Years Fixed Rate :       3.375% Interest Rate      3.442% APR
30 Year Fixed Rate :         4.125% Interest Rate      4.153% APR

According to the rates published for 22nd July, if locked, borrowers have to pay a monthly installment of $1,771.90 for 15 Year Fixed Rate Mortgage and $1,211.63 for 30 Year Fixed Rate Mortgage.

Adjustable (ARM) Mortgage Loans : Capital One 22nd July
5/1 Adjustable Rate        3.000% Interest Rate      2.872% APR
7/1 Adjustable Rate        3.125% Interest Rate      2.968% APR
* Interest Rates under Adjustable Mortgage Rates are for first 5 and 7 years respectively.

For the above mentioned interest and APR rates, interested borrowers have to pay a monthly installment of $1,054.01 for 5/1 Adjustable Rate and $1,070.94 for the 7/1 Adjustable Rate.

Capital One Mortgage Rates for Loans between $417,001 and $625,500

Rates offered by Capital one for the Mortgage Loans that range from $417,001 and $625,000 are published separately. Details about the rates are as follows:

Fixed Rate Mortgage Loans : Capital One 22nd July
15 Years Fixed Rate :       3.375% Interest Rate      3.405% APR
30 Year Fixed Rate :         4.125% Interest Rate      4.142% APR

Adjustable (ARM) Mortgage Loans : Capital One 22nd July
5/1 Adjustable Rate        3.125% Interest Rate      2.896% APR
7/1 Adjustable Rate        3.500% Interest Rate      3.113% APR

Capital One Mortgage Rates for Loans between $625,501 and $2,500,000

The bank offered different rates for the Mortgage loans that range from $625,501 and $2,500,000. Interest and APR rates under the higher amount loan category are shared below:

Fixed Rate Mortgage Loans : Capital One 22nd July
15 Years Fixed Rate :       3.875% Interest Rate      3.899% APR
30 Year Fixed Rate :         4.375% Interest Rate      4.389% APR

Adjustable (ARM) Mortgage Loans : Capital One 22nd July
5/1 Adjustable Rate        2.625% Interest Rate      2.729% APR
7/1 Adjustable Rate        3.125% Interest Rate      2.934% 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.