On August 12, 2014, one of the largest mortgager providers in the country, Capital One Financial Corp (NYSE:COF) decided to make no major changes in its benchmark (30 year) fixed home mortgage options. There were certain noticeable changes in the APR but it won’t have any major effect on the sale of these mortgage options. The potential home mortgage buyers who were looking to get a long term loan for financing their house, might not find the rates to be as lucrative as they would’ve thought them to be.
On Tuesday, the standard 30 year home mortgage interest rates at Capital One Financial Corp were listed at 4.125% and an annual percentage rate of 4.164%. The APR was 4.153% yesterday and it did increase a little bit today. As far as the short term 15 year fixed home mortgage schemes are concerned, they were being offered at an interest rate of 3.375% in addition to an annual percentage rate of 3.442%. The APR on the 15 year home mortgage schemes too increased a little bit, however it had no major effect on the mortgage scheme’s sale.
People looking to finance their expensive home purchase projects, can opt for exclusive home mortgage plans known as Jumbo schemes which are available in both 30 and 15 year variants. The 30 year jumbo home mortgage options stood at an interest rate of 4.375% on Tuesday and they did yield an APR of 4.389%. The 15 year Jumbo home mortgage schemes were being quoted at an interest rate of 3.875% today with an annual percentage rate of 3.899%.
Probable home mortgage buyers, who are in search of safe and adjustable mortgage schemes, can opt for 5 year adjustable rate mortgage plans at 3.000% interest rate along with an adjustable percentage rate of 2.862%. The long term 7 year ARMs stood at an interest rate of 3.125% on Tuesday and they did yield an APR of 2.958%.
The Derby county manager, Steve McClaren, has reportedly said that his side needs to showcase their talent and get more lethal after their victory over Carlisle United in the Capital One Cup’s first round on Monday. The championship side hugely managed the game but it did take around 62 minutes to open up scoring against their opponents through a great Jeff Hendrick header. The Capital One cup will surely prove to be much more exciting in the days to come.
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.
The post Today’s Mortgage Rates Summary at Capital One Financial Corp – August 12, 2014 appeared first on Morning Ledger.