Summary of Capital One Mortgage Rates on August 6, 2014

Summary of Capital One Mortgage Rates on August 6, 2014

The Capital One Mortgage Rates didn’t show any signs movement on August 6, 2014 and there were hardly any alterations in the benchmark 30 year fixed mortgage rates of interest. No positive or negative changes were experienced at Capital One Financial Corp that could influence the decision of potential home loan buyers. Therefore, the probable loan buyers can expect all the flexible and fixed home loan deals to remain unchanged as of now.The standard and the most popular 30 year loan deals are still being offered at 4.125% at Capital One Financial Corp (NYSE:COF) that eventually yields an annual percentage rate of 4.174%. The APR on the benchmark 30 year loan deals also remained unchanged. The short term loan deals, i.e. the 15 year loans came out at the rate of 3.375% today. The annual percentage rate on these loans changed a little bit and went up to 3.442% from 3.424% yesterday.

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.

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.