Current Capital One Mortgage Rates for Friday, October 31
Following rising rates at other lenders after the Federal Reserve announced the end of its stimulus program, Capital One has increased rates for many of its popular loan products. The 30-year fixed-rate mortgage is quoted today at 4.000% with a 4.052% APR. The shorter-term 15-year loan is offered with a rate of 3.375% today with an APR of 3.466%.
Buyers can lock into a 5/1 adjustable rate mortgage at Capital One Financial at 3.000% for the first five years with an APR of 2.885%. Capital One offers a 7/1 ARM today at 3.125% for the first seven years with an APR of 2.971%.
Buyers who want a conforming load that exceeds $417,000 can lock into a larger 30-year fixed mortgage today at 4.000% with a 4.029% APR. The larger 15-year loan is quoted at 3.250% today with a 3.319% APR. The larger 7/1 ARM is quoted with a higher rate of 3.375% for the first seven years with an APR of 3.066% to start.
Jumbo loan borrowers will find higher rates today, although they are still lower than conforming interest rates. A 30-year jumbo loan is quoted at 3.875% today with an APR of 3.896%, while the shorter-term 15-year jumbo mortgage is offered at 3.500% with a 3.556% APR. Buyers can lock into a 5/1 jumbo ARM today at 2.625% for the first five years with a starting APR of 2.727%. The 7/1 adjustable rate jumbo mortgage is quoted at 2.875% for the first seven years with a 2.827% APR to start.
Refinance Rates at Capital One
Refinance rates have also been updated to reflect current market trends. The 30-year refinance loan is offered at an interest rate of 4.000% with an APR of 4.084%. Homeowners can lock into a 15-year refi loan at 3.375% with a 3.486% APR. For homeowners who want greater flexibility and the lowest rate possible, both the 5/1 and 7/1 ARMs are quoted at 3.250% today.
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.