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Summary of Capital One Mortgage Rates on October 30 2013

Summary of Capital One Mortgage Rates on October 30 2013


Summary of Capital One Mortgage Rates on October 30 2013

Today's Capital One Mortgage Rates October 30 2013The popular 30 year fixed rate mortgage loans at the Capital One Financial (NYSE:COF) have now been quoted at an interest of 4.000% and an APR of 4.028% today. In addition to this, the benchmark 30 year Jumbo fixed rate mortgage rates have been registered as starting at 4.000%, along with an annual percentage rate (APR) of 4.013%, which is a bit lower than the non-jumbo mortgage rates.

Coming to the short period 15 year fixed rate mortgage options provided by the lender, the rate of interest reached 3.250%, yielding an APR of 3.299%, today. As far as the 15 year Jumbo FRMs concerned, the borrowers can obtain the available products at a rate of 3.500%, providing an APR of 3.524% to start with. The discount points associated with these rates are subject to change, depending upon the type and the amount of loan taken by the borrower.

In Capital One’s adjustable rate mortgage arena, the 5 year mortgage options  available with the bank can be obtained at a rate of 3.000% and a starting APR of 2.945%. However, the interest rate in the 7 year adjustable loan category is quoted by the lender at 3.375% today, which will yield an APR of 3.133% in the beginning. The aforesaid rates pertain to 29 October, 2013, only and might change depending upon the market conditions tomorrow.

The interests are estimated while considering that every borrower has an impressive credit status, along with a number of other factors like closing costs, application charges, security prices, discount points, loan amount, type of property, location of the property and others. The rates have a lock-in period of 60 days and are subject to increase or decrease without any prior notice from the lender.

All the new home and refinancing mortgage rates published by the Capital One are often backed by the security rates of mortgages that change along with movements in the stock market. Security market closed with a fall today and reduced the DJIA index by -113.35, thereby closing at 15337.70. The mortgage rates of Capital One Finance also followed the trail of the stock market and closer to day’s end, the stocks ticked higher by +0.59 and reached 67.60.

Note: 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 Michael Reed

Michael Reed covers business and finance related news.

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