Home : Blogs : Find a Notary Public | needAnotary : need A notary

LIBOR (London Interbank Offered Rate)

This is a daily index based on the interest rate banks choose to lend funds to other banks in the London wholesale market.

LIBOR rates can range in adjustment windows from an initial fixed period of 1 month to as longs as 5 to 10 years. Generally, the initial rate is fixed for some period of time (6 months or more) and then the rate will then continually adjust periodically, after this period of time.

If you're mortgage shopping, and you state you want the lowest rate in the market for an ARM (adjustable rate mortgage), it is a good chance your loan will be tied to this index, for periodic adjustments.

Posted by Find a Notary Public | needAnotary on 05/08/2008 08:54 PM

Comments (0)

libor, london interbank offered rate, mortgage index

Post is included in group: Realtors®
Post is included in group: Pennsylvania Professionals
Post is included in group: Real Estate Rookie
Post is included in group: Almost Anything Goes

0 Comments on LIBOR (London Interbank Offered Rate)

that one and a few others. you should ask when you are seeking an ARM and a good mortgage consultant can show you a graph to guage the last few years of the desired index

05/08/2008 09:01 PM

by Dave Woodson (Indigo Financial Group Inc.)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?