McLean, VA-based lender, Capital One (NYSE:COF) revised its home purchase and refinance loan information for Saturday, November 15. The latest details on Capital One’s latest mortgage interest rates and APRs are listed below. Capital One has been advertising attractive mortgage 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 loan, may find some suitable loan solutions at this lender.
Capital One Mortgage Rates
15-Year Fixed Mortgage: 3.250%, 0.250 discount points, 3.377% APR
30-Year Fixed Mortgage: 4.00%, -0.250 discount points, 4.052% APR
5/1 Adjustable Rate Mortgage (ARM): 3.000%, 0.125 discount points, 2.977% 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.
Now, switching to national mortgage rates, Virginia-based housing giant, Freddie Mac said on Thursday that the average interest rate on the 30-year fixed mortgage headed lower to 4.01%. The organization’s survey also showed, that the average interest rate dropped on the 15-year FRM as well and currently it hovers at 3.20%.
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 take a look at the lender’s website.