The more exclusive home loan section too remained unchanged as the 30 year jumbo fixed rate home loans were available at 4.375% interest rate. These loans are really good for the people who wish to buy an expensive home. The APR on these loans came at 4.399%, which is much higher than the benchmark 30 year loans offered by Capital One Financial Corp. The individuals looking to opt for short term jumbo loans can get them at 3.875% which is a bit higher than the yesterday’s rate. The jumbo 15 year loans are available along with an APR yield of 3.899%.
Adjustable rate mortgage options, the flexible home loan deals offered by Capital One Financial were available at an interest rate of 3.000% on August 6, 2014. The 5 year ARMs do yield an APR of 2.872% which could change with a change in the interest rate of the home loan deals. On the other hand, the 7 year adjustable rate mortgage options are currently listed at 3.125% rate of interest and the annual percentage rate is 2.958%.
The Capital One Financial Corp has appointed Jim Nicholas as the commercial market manager and Houston market president for Houston. The former Houston market president, Annella Metoyer is still working with the bank in Houston as a special regional executive for Southwest Louisiana and South Texas. An experienced worker, Jim, has been working with JPMorgan Chase for the past few years and his work as a middle market banking team leader has won him several accolades over a period of time.
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