Updated Capital One Mortgage Rates for October 7, 2014

Updated Capital One Mortgage Rates for October 7, 2014While mortgage interest rates at Capital One remain largely flat on Tuesday, there is some movement on popular loan products. The best mortgage rate for a 30-year fixed loan today remains at 4.000% with an APR of 4.073%. A shorter-term 15-year loan is quoted at 3.375% with an APR of 3.466%.

A 5/1 ARM is quoted at 3.00% for the first 5 years with an APR of 2.977%. Capital One quotes a 7/1 adjustable rate mortgage at 3.125% for the first seven years with an APR of 3.039%.

Capital One offers larger conforming loans exceeding $417,000 at comparable rates. A larger 5/1 ARM is published at 3.125% for the first five years with an APR of 2.989%. A larger 7/1 adjustable rate mortgage is quoted at 3.375% for the first 7 years with an APR of 3.134%.

Capital One offers competitive rates for jumbo loans. A 30-year fixed jumbo loan is advertised at 4.125% with an APR of 4.147%. A 15-year jumbo mortgage is quoted at 3.750% with an APR of 3.788%.

Buyers can lock into a 5/1 jumbo ARM at 2.750% for the first five years with an APR of 2.862%, which is lower than the conforming purchase rate. A jumbo 7/1 ARM is published at 3.125% today with an APR of 3.010%.

Capital One purchase rates assume a 40% down payment with excellent credit history.

Capital One Refinance Rates

The standard 30-year refi loan today is quoted at 4.125% at Capital One with an APR of 4.178%. A shorter-term 15-year refinance loan is published at 3.375% with an APR of 3.522%. Capital One advertises a 5/1 refinance ARM at 3.250% for the first five years with an APR of 3.055%. A 7/1 ARM refinance is quoted at 3.250% with an APR of 3.118%.

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.