Capital One is one of the top 15 largest banks in the nation as well as one of the largest bank mortgage lenders.  Capital One offers a variety of mortgage loans for financing a new home purchase or refinancing an existing home loan for cash out or a reduced mortgage rate.  Current mortgage rates offered by Capital One for conforming loan amounts have recently fallen below 4.00 percent.

Current conventional mortgage rates offered by Capital One include the following rates and terms as of December 9, 2011:

30 year fixed rate mortgage is at 3.875% with zero points and an APR of 3.957%
A 15 year fixed rate mortgage is promoted with a rate of 3.250% with no points and a 3.304% APR. 

For mortgage refinance transactions that costs or interest rates rise slightly.  Capital One refinance mortgage rates today include the following terms and rates:

30 year fixed mortgage refinance rate is 4.125% with no pints and an APR of 4.198%. 
The 15 year fixed refinance mortgage rate is 3.250% with 0.125 points and a 3.412% APR. 

Capital One offers a variety of other mortgage types to help finance a home purchase including low down payment FHA loans and jumbo mortgage loans up to $2 million.  For prospective borrowers that are considering financing a new house, but conventional fixed rate mortgages are not the loan product of choice or needed, Capital One offers competitive rates on jumbo mortgages and FHA mortgages.

Current Capital One FHA mortgage rates are available with the following terms and costs:

A 30 year fixed rate FHA mortgage is 3.750% with no points and a 3.781% APR.

Capital One jumbo mortgage rates include:

30 year fixed rate jumbo loans at 4.250% with no points and APR of 4.323%.

All mortgage loan rates are subject to change at any time.  All loan requests require Capital One approval and must meet underwriting standards.  The 30 year fixed, 15 year fixed, and 30 year FHA loans rates and APRs are based on an excellent credit history for a loan amount of $250,000 and a 20% down payment.  The 30 year fixed rate jumbo rate and APR is based on an excellent credit history on a $750,000 loan amount with a 30% down payment.  Additional terms and restrictions will apply.

Capital One not only offers fixed rate mortgages similar to those listed but also markets adjustable rate mortgage options for purchases and refinancing.  Capital One mortgage consultants can prequalify new loan applicants as well as issued pre-approval letters for specific loan requests.  For more experienced home loan borrowers, Capital One has online mortgage tools at their website that allow users to personalize their loan request and  mortgage rate and apply online. 

Capital One is headquartered in McLean, Virginia and operates over 1000 bank branch locations New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia.  Capital One offers mortgage loans as well as a wide array of other financial products and services to consumers, small businesses and commercial clients.

To find more information on Capital One mortgage loans and Capital One mortgage rates, a Capital One customer service representative can be reached by calling 1-866-923-4954.

Capital One provides several types of mortgage products, serving consumers in Virginia, Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington D.C.

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