Todays’ Home Mortgage Rate Summary at Capital One Financial (September 2, 2014)

Todays' Home Mortgage Rate Summary at Capital One Financial (September 2, 2014)Capital One Financial Corp, one of the reputed and popular banking institutions in the country, decided to make no major changes to its benchmark home mortgage schemes as on Tuesday, September 2, 2014. The bank did offer the home mortgage schemes at interest rates on the similar lines as they were on Monday. Due to this the potential home loan shoppers might get a bit disappointed in case they were looking to acquire one of the mortgage schemes at reduced interest rates.

The benchmark 30 year loans at Capital One (NYSE:COF) have been listed at 4.125% interest rate as on September 2, 2014. These loans did yield an annual percentage rate of 4.178%. The short term 15 year fixed mortgage rates on the other hand stood at 3.375% rate of interest yielding a total APR of 3.466% which is also same as it was yesterday.

Any home loan shopper who is in search of some huge finance for purchasing a costly penthouse or apartment can opt for the jumbo loan schemes offered by the Capital One bank. The bank does offer 30 year jumbo mortgage schemes at 4.250% interest rate in addition to an annual percentage rate of 4.272%. The shorter variants of the 30 year jumbo loans, the 15 year schemes were listed at 3.750% rate of interest and an APR of 3.788%.

Capital One Financial even offers flexible mortgage schemes to the prospective home loan shoppers. The flexible adjustable rate mortgage options for 5 years can be acquired for 3.000% interest rate yielding an annual percentage rate of 2.977%. The 7 year ARMs at the bank stood at 3.125% rate of interest and an APR of 3.049%.

Capital One Financial Specialty Health Care Real estate offered 11.05 million USD to refinance a nursing facility in Michigan. Joshua Rosen, the leading man of the firm’s agency healthcare efforts did initiate the transaction up front. This decision did came in as a surprise but was extremely well received by everyone in the industry. The bank didn’t really made any changes in the interest rates but a lot of experts do believe that the home mortgage rates at Capital One Financial might undergo some changes in the upcoming weeks. It remains to be seen how the future of the bank pans out. Let’s see whether the potential home loan shoppers will be able to get good loan schemes at discounted rates or not.

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.