Capital One, which is an established lender in the U.S., updated its mortgage information for Monday, January 26. For details on the Virginia-headquartered lender’s current mortgage interest rates and annual percentage rates (APRs), please check the data below. Capital One has been providing excellent interest rates under both its home purchase and refinance loan programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable mortgage products at this lender.
Capital One Mortgage Rates
15-Year Fixed Mortgage: 3.125%, 0.125 discount points, 3.234% APR
30-Year Fixed Mortgage: 3.625%, 0.125 discount points, 3.686% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, no discount points, 3.011% APR
7/1 Adjustable Rate Mortgage (ARM): 3.125%, no discount points, 3.039% APR
The rate information provided assumes the purpose of the mortgage loan is to purchase a property, a single family home to be used as a primary residence with a loan amount of $250,000. The interest rate reflects a 60 day rate lock period. Please, note that the current mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.
Virginia-based housing finance company, Freddie Mac announced last week, that the average rate on the 30-year fixed mortgage decreased to 3.63% from the former 3.66%. On the other hand, the average rate on the shorter-term 15-year fixed mortgage dropped to 2.93% last week. Previously this type of mortgage loan was hovering at a rate of 2.98%, according to the housing giant.
Consumer financial services company, Bankrate also published its weekly mortgage survey, which revealed that the interest rate on the 30-year conventional loan inched up to 3.81% last week. Currently, the interest rate on the 30-year loan is 1 basis point higher compared to data from a week earlier. The rate on the shorter-term, 15-year mortgage surged by 7 basis points to 3.18%, according to the the latest data. The interest rate on the 5/1 ARM also soared in the company’s survey, this type of mortgage is now hovering at 3.19%.
For additional details on the latest home purchase and refinance mortgage interest rates at Capital One, as well as information on borrowing terms and conditions and loan assumptions, please head over to the financial institution’s website.