Capital One Financial Corp (NYSE:COF), one of the premier banking institutions in the country offering high end FRMs and ARMs to the potential home buyers, decided to make no major changes to its standard 30 year fixed rate mortgage schemes as far as the interest rates were concerned. The bank’s decision to make no favorable changes in the interest rates did disappoint a lot of people who were willing to apply for one of the fixed rate mortgage schemes as on Friday, September 26, 2014.
The standard 30 year fixed rate loan rate of interest at Capital One Financial are listed at 4.125% and an annual percentage rate of 4.178% today. The 15 year home loan interest rates at the banking institution are coming out at an interest rate of 3.375% and an APR of 3.521%. The interest rates and APR on the short term schemes too remained unchanged today which came in as bit of a surprise.
The bank also deals in exclusive jumbo schemes which are meant for financing high end home purchases. The 30 year jumbo exclusive schemes at the bank were published at an interest rate of 4.500% and an APR of 4.533% to start with. The short term 15 year jumbo fixed rate mortgage interest rates are 4.000% interest rates carrying an annual percentage rate of 4.038%.
The 5 year ARMs at Capital One Financial can be easily acquired for an interest rate of 3.125% along with an annual percentage rate of 3.011%. The long term 7 year adjustable rate mortgage have been offered at an interest rate of 3.250% yielding an APR of 3.097%. The interest rates and APR on these schemes too remained unchanged which is quite surprising for the potential home buyers.
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.