refinance: LIBOR - The other shoe could be about to fall
- 09/17/08 08:16 AM
The other shoe could be about to fall... the LIBOR rate has spiked in recent weeks. What is the LIBOR and why is something to be concerned about? From a report on Bloomberg this week.."The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, its biggest jump in at least seven years, according to the British Bankers' Association. The one-week rate rose by more than a percentage point, to 3.88 percent from 2.49 percent on Monday, and the one-month rate increased to 2.75 percent from 2.5 percent."LIBOR is short for London Bank Inter Offered Rate. It … (2 comments)
refinance: Should you buy or refinance now?
- 03/21/08 05:38 AM
Are you on the fence trying to decide if now is the time for you to buy property or refinance an existing property? Does all of the bad press about housing and finance have you concerned that the timing is bad? It seems that if you poke you head up at all you are bombarded with news stories and opinion from the pundits about how gloomy it is in the housing market. It's impossible to avoid the negative press on this subject. But should you let this stop you from going forward with a home purchase or a refinance? To help answer that question … (1 comments)
I work at SecurityNational Mortgage and am always looking for experienced loan officer and branch managers that are interested in a better opportunity.
The other shoe could be about to fall... the LIBOR rate has spiked in recent weeks. What is the LIBOR and why is something to be concerned about?
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