Mortgage rates are flat at Capital One on Monday, October 6, 2014. The standard 30-year fixed rate home loan is quoted at 4.000% with an APR of 4.084%. A shorter-term 15-year fixed mortgage is quoted at 3.375% with an APR of 3.485%.
The best mortgage rate available at Capital One today is the 5/1 adjustable rate mortgage, which is published at 3.125% for the first five years with an APR of 3.011%. A 7/1 ARM is quoted at 3.125% for the first seven years with a slightly lower rate of 3.059%.
Rates for larger loans that exceed $417,000 but are less than $625,500 are very similar, although a 7/1 ARM is quoted at a higher 3.375% for the first seven years with an APR of 3.154%.
Home buyers can lock into a jumbo loan at Capital One today with a competitive rate. A 30-year jumbo loan is quoted at 4.125% with an APR of 4.157%. A shorter-term 15-year jumbo mortgage is advertised at 3.750% with an APR of 3.806%. The best jumbo loan rate today is for a 5/1 ARM at 2.875% for the first five years with an APR of 2.895%. This is lower than the rate for a conforming 5/1 ARM. A 7/1 jumbo ARM is published at 3.125% for the first seven years with an APR of 3.010%.
Capital One also offers competitive refinance rates, allowing homeowners to refinance into a new 30-year loan at 4.125% with an APR of 4.178%. A 15-year refi loan is quoted at a lower 3.500% interest rate with an APR of 3.593%. Homeowners can enjoy greater flexibility by locking into a 5/1 ARM at 3.250% for the first five years with an APR of 3.065%. A 7/1 ARM refinance is quoted at 3.375% with an APR of 3.156%.
Capital One purchase rates assume an excellent credit score with a 40% down payment.
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.