On Thursday, September 4, 2014 the standard home mortgage schemes stood at similar interest rates as they were yesterday. The bank decided not to make any positive or negative changes to its benchmark fixed as well as flexible schemes being offered to the potential home buyers. The buyers who were willing to take up a specific home mortgage scheme for financing their dream house might feel a bit let down because there were no favorable changes in the rates of interest of the mortgage schemes at Capital One Financial.
The benchmark fixed rate mortgage schemes for 30 years at Capital One (NYSE: COF) as on Thursday, September 4, 2014 stood at an interest rate of 4.125% and an annual percentage rate of 4.178%. The interest rates on both 30 year and 15 year schemes did remained unchanged. The short term 15 year fixed rate loan schemes were offered at an interest rate of 3.375% and an annual percentage rate of 3.485%. The APR on these schemes too remained almost same.
The jumbo loans offered by Capital One are meant for financing high end mortgage schemes. The 30 year jumbo loans stood at an interest rate of 4.375% yielding an annual percentage rate of 4.418%. On the other hand the 15 year jumbo fixed rate mortgage schemes stood at a rate of interest of 3.875% and annual percentage rate of 3.913% as on Thursday, September 4, 2014. The interest rates on these schemes also remained the same which is why the potential home loan shoppers who were willing to finance their expensive house purchase might get a bit disappointed.
The bank even specializes in offering exclusive flexible adjustable rate mortgage schemes. The 5 year ARMs at Capital One Financial are listed at 3.125% yielding an annual percentage rate of 2.929%. The 7 year ARMs on the other hand stood at 3.250% rate of interest today along with an APR of 3.029%. Capital One Financial did have its stock at absolutely neutral rating which was then reiterated by Zacks in a popular research report that was issued on Wednesday, September 4, 2014. The shares of the bank did open on a positive note which came in as no surprise to the shareholders. The shares nevertheless are expected to reach a new high in the coming weeks which will be a good news for all the investors.
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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