Summary of Current Mortgage Interest Rates at Capital One on August 11, 2014

Summary of Current Mortgage Interest Rates at Capital One on August 11, 2014This Monday, one of the biggest home mortgage providers in the United States of America, Capital One Financial (NYSE: COF) decided to make little or no change to its standard 30 year fixed home mortgage interest rates. There were hardly any major changes in the APR and interest rates for the benchmark mortgage schemes and this is the reason why the prospective home loan buyers might not find the prospects to be as enticing as they would’ve expected them to be.

On August 11, 2014 the benchmark 30 year fixed mortgage schemes at Capital One Financial Corp were quoted at an interest rate of 4.125% along with an annual percentage rate of 4.153%. The APR did came a little bit down from 4.164% to 4.153% since Friday. On the other hand, the shorter versions of the 30 year fixed mortgage loans were available at an interest rate of 3.375% on Monday. The interest rate on 15 year fixed schemes remained unchanged and carried an APR of 3.424%.

Anyone who is willing to fund his/her costly home investment plans, can consider choosing the exclusive 30 year Jumbo mortgage schemes which are specifically offered for the purchase of lavish apartments and penthouses. The benchmark 30 year Jumbo loans stood at 4.250% today and they did yield an annual percentage rate of 4.274% which is a bit less than Friday. The shorter counterparts of 15 year Jumbo mortgage schemes are available at a rate of interest of 3.750% and an annual percentage rate of 3.792%.

Potential home mortgage buyers, who are looking for flexible and secure mortgage schemes, can select the 5 year adjustable rate mortgage plans which are being offered at an interest rate of 3.000% and an annual percentage rate of 2.862%. The long term 7 year ARM schemes have been officially listed at 3.125% as on August 11, 2014. They are yield an APR of 2.948% which is more or less same as it was on Friday.

Capital One Financial Corp’s shares have received a recommendation of “Buy” from the 23 brokerages that are currently covering the market. The 1 year price target on an average was 87.36$ last year. Various professional analysts have recently weighed in on the innumerable shares of the COF. The company has even announced a quarterly dividend recently which is expected to give the shareholders a huge boost in the upcoming days! It would be exciting to see how exactly the future of the corporation pans out given its current position in the market.

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.