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LIBOR stands for London Inter-Bank Offered Rates. The index is the interest rate that a group of certain London-area banks are willing to pay for US currency deposits. It is used to set adjustable interest rates for a variety of loans. http://mortgage.lovetoknow.com/Libor_Index
What else can I help you with?
What can I use the LIBOR index for?
LIBOR index is the London Interbank Offered Rate. It is used as a reference of the interest rate at which the banks will lend money to each other. The LIBOR index changes daily.
What is meant with libor rate history in finances?
Libor rate history in finances is a common interest rate index, which is used to adjust adjustable mortgagee rates. The importance of libor rate history when referring to finances is important to investors as well as business owners who are a part of the indexes.
What does the Libor rate stand for?
The Libor rate is the Libor interest rate used by the banking and mortgage industries. This means that it has something to do with money and homes. It is also a percentage.
Fixed Rate Mortgage vs. LIBOR ARM?
Fixed Rate Mortgage vs. LIBOR ARM A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. LIBOR, which stands for the London InterBank Offered Rate, is an index set by a group of London based banks, and sometimes used as a base for U.S. adjustable rate mortgages. This calculator compares a fixed rate mortgage to a LIBOR ARM.
When was Libor created?
Libor was created in 1984.
What did Elizabeth Blackwell give us?
The Libor rate is a benchmark interest rate index used to make adjustments to adjustable rate mortgages. You can find more information about Libor rates at http://www.bankrate.com/rates/interest-rates/libor.aspx.
Where to get libor rates?
LIBOR rates are published everyday at 11GMT. Check the related links on where to find the LIBOR information
When was Libor Charfreitag born?
Libor Charfreitag was born in 1977.
When was Libor Rouček born?
Libor Rouček was born in 1954.
When was Libor Capalini born?
Libor Capalini was born in 1973.
When was Libor Procházka born?
Libor Procházka was born in 1974.
When was Libor Barta born?
Libor Barta was born in 1967.
