Today’s Best Mortgage Rates at Capital One Financial (October 28, 2014)
Capital One has updated its mortgage rates for Tuesday, October 28. Borrowers can currently save $1,000 off closing costs when they buy or refinance now. The standard 30-year fixed-rate mortgage is advertised at 3.875% today with an APR of 3.937%. The shorter-term 15-year fixed loan is advertised at 3.250% with an APR of 3.341%. Buyers can lock into a 5/1 adjustable rate mortgage at 2.875% for the first five years with a starting APR of 2.852%. The 7/1 ARM is quoted at 3.000% today with a 2.933% APR to start.
Capital One offers larger conforming loans in designated high-cost areas of the country. Rates have moved down on these loans. A larger 30-year fixed mortgage is quoted at a lower 3.875% with an APR of 3.935%. The larger 15-year fixed loan is quoted at 3.125% with a 3.176% APR. Buyers can lock into a larger 5/1 ARM today at 3.000% for the first five years with an APR of 2.864% to start.
The best rates today are reserved for jumbo loan borrowers. A 30-year jumbo loan is quoted at 3.875% today with an APR of 3.896%. The 15-year fixed jumbo mortgage is offered at Capital One with an interest rate of 3.500% and a corresponding APR of 3.556%. Buyers can lock into a 5/1 jumbo ARM at 2.625% — the best rate of the day — with a starting APR of 2.727%. The 7/1 jumbo adjustable rate mortgage is quoted at 2.875% for the first seven years with an APR of 2.827%.
Refinance Rates at Capital One
Capital One offers the standard 30-year refinance loan is quoted today at 4.000% with an APR of 4.053% today. The shorter-term 15-year refi loan is quoted at 3.375% with a 3.468% APR. Refinance rates have moved down for adjustable rate loans. Homeowners can lock into a 5/1 adjustable rate refinance loan at 3.125% for the first five years with an APR of 2.929%.
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.