Capital One Financial Corp (NYSE:COF), a US based home mortgage provider decided to make no major changes in its standard home mortgage schemes for 30 and 15 years respectively. The rates did disappoint the potential home loan buyers a little bit as they were planning to take up a home mortgage scheme at Capital One Financial at discounted rates. The home mortgage buyers who were willing to take up a loan on September 9, 2014 might have to wait a little bit before they can opt for a loan at better rates.
A detailed look at the most current data will showcase the fact that the benchmark schemes at Capital One Financial did not experience any kind of major changes in terms of interest rates. The 30 year fixed rate home mortgage schemes at Capital One Financial stood at an interest rate of 4.125% and an annual percentage rate of 4.178% which is same as it was on Monday. As far as the 15 year fixed rate mortgage schemes are concerned, the interest rates for such schemes stood at an interest rate of 3.375% in addition to an APR of 3.466%.
Potential home loan buyers looking for exclusive financing alternatives can opt for jumbo loans offered by Capital One Financial. The 30 year jumbo mortgage schemes at Capital One stood at, 4.375% interest rate and an annual percentage rate of 4.397%. The 15 year jumbo loan schemes at Capital One stood at 3.875% rate of interest yielding an APR of 3.913% which is more or less similar as it was yesterday.
As far as the adjustable rate mortgage schemes are concerned the 5 year ARMs stood at 3.000% at Capital One yielding an annual percentage rate of 2.977%. The 7 year ARMs on the other hand were listed at an interest rate of 3.125% and an APR of 3.059% Capital One Financial upgraded its shares of W&T Offshore (NYSE:WTI) from almost an equal rating as per a popular research report that was released this week.
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.