Home mortgage schemes at Capital One Financial Corp (NYSE: COF) have always attracted a lot of attention from the potential home loan buyers. On Friday, September 5, 2014 the bank chose to make little or no changes in its standard 30 year and 15 year fixed rate mortgage schemes. This is one of the reasons why the potential home loan shoppers might get a bit disappointed due to no favorable changes in the interest rates. They might have to wait a bit before they can get low rates on home mortgage schemes.
The standard fixed rate mortgage schemes for 30 years at Capital One can be had at an interest rate of 4.125% as on Friday, which is same as it was yesterday. The 30 year schemes did yield an annual percentage rate of 4.178%. On the other hand, the 15 year fixed rate home loan schemes were offered for an interest rate of 3.375% and an annual percentage rate of 3.485% on Friday, September 5, 2014. The interest rates and APR today remained unchanged which came in as no surprise.
The standard 30 year jumbo loan schemes stood at an interest rate of 4.375% and an annual percentage rate of 4.397% which is a bit higher than the traditional schemes. The 15 year jumbo loans at Capital One Financial stood at 3.875% rate of interest yielding an annual percentage rate of 3.913%. The bank even offers some flexible adjustable rate mortgage schemes to the buyers. The 5 year ARMs stood at an interest rate of 3.125% at Capital One Financial in addition to an APR of 3.011%. The 7 year long term ARMs stood at 3.250% rate of interest on Friday with a starting APR of 3.097%.
The Capital One Financial Corp (NYSE:COF) has officially earned the A- rating from the ever so popular Morningstar. The company’s A- rating precisely suggests that the firm is eventually a low default risk. They even issued a complete negative credit outlook for the business and offered their stock a 4 star rating. The shares of the Capital One Financial came in at a positive note which is why the shareholders were extremely happy regarding the prices. Capital One Financial Corporation is a popular financial holding company along with non-banking and banking subsidiaries. The present home mortgage rates at Capital One Financial didn’t experience any changes but it seems that a few changes can be expected in the future.
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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