Before moving to Mortgage rates from one of the most popular US based mortgage provider, Capital One, the latest news from the stock market about Capital One is that the stock prices of the bank gained by 0.59 to reach 67.60. Those who are looking for investment may find it as a good opportunity.
To our latest rates from the Capital One Financial (NYSE:COF), the bank published latest rates for fixed and adjustable mortgage loans today. To start with, published rates for 15-Year fixed rate loans today are 3.375% interest rate with an APR of 3.442%. This equals to a monthly payment of $1,771.90. The benchmark 30 year fixed rate loan is offered today for 4.125% interest rate with 4.153% APR that equals to $1,211.63 monthly rate.
For the Adjustable Rate Mortgage (ARM), the bank offers following rates today!
Adjustable (ARM) Mortgage Loans: Capital One 21st July
5/1 Adjustable Rate 3.125% APR with 2.906% Interest
7/1 Adjustable Rate 3.250% APR with 3.006% Interest
According to above mentioned rates, monthly payment for 5/1 Adjustable Rate will be $1,070.94 while for the 7/1 Adjustable Rate, monthly payment for the mortgage loan will be $1,088.02.
Capital One also guarantees fixed rate for 60 days for refinancing or buying your home that means that you have a peace of mind with guaranteed rate even if rates fluctuate during the time period.
The above mentioned rates are for mortgage loans up to $417,000. For the higher amount of loan, bank published different rates. For the loan range of $417,001 and $625,500, the fixed price 30 year rates offered today are interest rate of 4.125% with an APR of 4.142% ($2,423 monthly payment). For 15 year fixed rate, the rates offered today are 3.375% interest rate with 3.405% APR ($3,543.80 monthly payment).
For the same range, 5/1 Adjustable Rates are 3.125% interest rate and 2.896% APR that equals to $2,141.88 monthly payment. Similarly, interest rate of 3.500% along with 3.113% APR rate is published on 21st July for 7/1 Adjustable Rate Mortgage Loan.
For Loans higher than $625,501, the banks offers different rates that include 3.875% interest rate and 3.899% APR for 15-Year Fixed Rate, 4.375% interest rate and 4.389% APR for 30 Year Fixed Rate, 2.625% interest rate and 2.729% APR for 5/1 Adjustable Rate and 3.125% interest rate and 2.934% APR for 7/1 Adjustable Rate.
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.
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