On Tuesday, August 19, 2014, Capital One Financial Corp (NYSE: COF) decided to make no favorable or unfavorable changes in its standard 30 year fixed rate mortgage schemes offered to the potential home loan shoppers. The interest rates for most of the home mortgage plans offered by the bank remained unchanged on Tuesday and therefore the probable home mortgage buyers might find it difficult to invest in one of the schemes due to no positive changes in the rates. Nevertheless, the home loan shoppers can go through the current rates to plan their home mortgage purchase well.
The benchmark 30 year fixed rate home mortgage schemes at Capital One Financial Corp can be acquired at an interest rate of 4.125% which is same as it was yesterday. The annual percentage rate on these schemes too came out as 4.153% which also remained unchanged. The individuals who find the 30 year schemes to be a bit expensive, can opt for their shorter variants 15 year fixed rate mortgage schemes as they are available at a rate of interest of 3.375% yielding an APR of 3.424%. No major changes were recorded in the interest rates of 15 year fixed rate schemes as well.
The Capital One Financial Corp even offers Jumbo home mortgage loans for the purpose of financing expensive home purchase deals. The 30 year jumbo loans were listed at an interest rate of 4.125% on Tuesday, August 19, 2014. They did carry an annual percentage rate of 4.149%. The 15 year short term jumbo loans can be acquired for a rate of interest of 3.750% and an annual percentage rate of 3.774%.
The bank even offers more flexible mortgage options such as ARMs which can be acquired in two different variants. The 5 year adjustable rate mortgage schemes are on the books at an interest rate of 3.000% along with an APR of 2.862%. The 7 year ARMs stood at 3.125% rate of interest yielding an annual percentage rate of 2.948%.
Capital One Financial announced David Mazar as Business Development Officer, Director for Capital One business credit, which is an integral aprt of the commercial and specialty financial group. In this role, David will be accountable for all inclusive business development of asset based schemes for the middle market firms. He will basically report to the Managing Director, Steve Hinrichs directly. This decision has been well received by the experts around the world.
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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