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Lower Mortgage Rates at Capital One on Thursday October 9

Lower Mortgage Rates at Capital One on Thursday October 9

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Lower Mortgage Rates at Capital One on Thursday October 9

Lower Mortgage Rates at Capital One on Thursday October 9Mortgage rates have moved lower at Capital One on Thursday, October 9. Lower rates come in addition to a $1,000 savings on closing costs available for borrowers who buy or refinance now. The benchmark 30-year fixed mortgage is quoted at a lower 3.875% today with an APR of 3.937%. The popular 15-year fixed loan is quoted at 3.250% with an APR of 3.359%.

Capital One advertises the 5/1 ARM at 3.000% for the first five years with an APR of 2.967% to start. The 7/1 adjustable rate mortgage is published at 3.125% for the first seven years with an APR of 3.039% to start.

For larger conforming loans in qualifying areas, Capital One offers the larger 30-year loan at 4.000% with an APR of 4.029%. The larger 5/1 ARM is quoted at 3.000% today for the first five years with an APR of 2.964%. A larger 7/1 adjustable rate loan is quoted at 3.250% for the first seven years with an APR of 3.095% to start.

Capital One offers competitive rates on jumbo loans as well. A 30-year jumbo loan is quoted at 4.000% with an APR of 4.021%. A 15-year jumbo loan is quoted lower at 3.625% with an APR of 3.681%. Buyers who want to lock into a 5/1 jumbo ARM can do so at a lower interest rate of 2.625% to start today with an APR of 2.809%. A 7/1 jumbo ARM is quoted at 3.000% for the first seven years with an APR of 2.952% to start.

Purchase rate quotes at Capital One assume excellent credit history and a 40% down payment.

Capital One Refinance Rates

Capital One offers competitive rates for popular refinance products. The traditional 30-year refinance loan is published at 4.000% with an APR of 4.074%, while the shorter-term 15-year loan is quoted at 3.375% with an APR of 3.485%. Capital One offers a 5/1 ARM refinance at 3.250% with an APR of 3.045%. Homeowners can refinance into a 7/1 ARM at 3.250% for the first seven years with an APR of 3.108%.

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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