Mortgage rates have moved down on many popular loan products at Capital One Financial for Monday, October 20. The standard 30-year fixed rate mortgage is quoted at a lower 3.750% today with an APR of 3.822%. Capital One advertises the popular 15-year fixed loan at 3.125% with a 3.216% APR.
For buyers who want an adjustable rate mortgage for greater savings, Capital One advertises the 5/1 ARM at 2.875% for the first five years with a 2.842% APR to start. A 7/1 ARM is quoted at 3.000% locked for seven years with a starting APR of 2.913%.
Capital One offers larger conforming loans that exceed $417,000 in designated high-cost areas. The larger 30-year fixed loan is quoted at 3.875% today with a 3.904% APR. The shorter-term 15-year loan is quoted at 3.000% with an APR of 3.087%. Buyers can lock into a larger 5/1 ARM today at 2.875% for the first five years with a starting APR of 2.820%. A larger 7/1 ARM is quoted at 3.250% locked for seven years with an APR of 3.007% to start.
Capital One reserves its best mortgage rates for jumbo loan borrowers. A 5/1 jumbo ARM is quoted at 2.500% — the lowest rate of the day — with a starting APR of 2.685%. The 7/1 jumbo adjustable rate loan is quoted at 2.750% for the first seven years with a 2.780% APR to start. A 30-year fixed jumbo loan is published today at 3.750% with an APR of 3.771%.
Capital One Refinance Rates
Capital One advertises the standard 30-year refi loan at 3.750% with a 3.909% APR, while the shorter-term 15-year refinance loan is quoted at 3.125% with an APR of 3.368%. A 5/1 refi ARM is quoted at 2.875% for the first five years with an APR of 2.924%. Capital One offers a 7/1 ARM refinance loan today at 3.000% for the first seven years with a 2.996% APR to start.
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.