Today’s Best Mortgage Rates at Capital One (October 17, 2014)
Mortgage rates show very little movement at Capital One Financial on Friday, October 17. Capital One advertises the benchmark 30-year fixed rate loan at 3.875% today, higher from Thursday, with an APR of 3.927%. The shorter-term 15-year fixed mortgage is quoted at an unchanged 3.125% interest rate with an APR of 3.234%.
Interest rates for adjustable rate mortgages remain unchanged. Capital One offers the 5/1 adjustable rate mortgage today at 2.875% locked for the first five years with a corresponding 2.842% APR to start. The 7/1 ARM is quoted at 3.000% for the first seven years with an APR of 2.913%.
For larger conforming loans in eligible areas that exceed $417,000, Capital One offers a 30-year fixed loan at 3.875% with an APR of 3.925%. The larger 15-year loan is quoted at 3.125% today with an APR of 3.176%. A larger 5/1 ARM is quoted at 2.875% today for the first five years with a corresponding APR of 2.830% to start. The larger 7/1 ARM is advertised at 3.250% locked for seven years with a 3.007% APR.
Capital One also offers jumbo loans up to $2.5 million. A 30-year fixed jumbo loan is quoted at 3.750% today with an APR of 3.771%. The shorter-term 15-year jumbo loan has an interest rate as low as 3.500% today with an APR of 3.538%. Buyers can lock into a 5/1 jumbo ARM as low as 2.500% for the first five years with a corresponding APR of 2.685%. This is the lowest mortgage rate of the day at Capital One. A 7/1 jumbo ARM is quoted at a higher 2.750% for the first seven years with an APR of 2.780%.
Today’s Refinance Rates at Capital One
Refinance mortgage rates remain competitive at Capital One on Friday. A 30-year refi loan is quoted at 4.000% with an APR of 4.053%. Capital One advertises the popular 15-year fixed refinance loan at 3.250% with an APR of 3.360%. A 5/1 adjustable rate refinance is quoted at 3.000% with an APR of 2.896%. A 7/1 refi ARM is quoted at 3.125% with an APR of 2.992% to start.
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.