Recent LIBOR stories

Libor may sound like a funny acronym, but it's an important term for mortgage borrowers to know.
When weighing a refinance, look first at the interest rate caps and floors on the existing mortgage.
A homeowner planning to move in a few years likely can handle the possibility of rising LIBOR rates.
Stimulus package provisions are unlikely to help a homeowner with an interest-only loan.
A lender cannot pick and choose an advantageous date to change the LIBOR rate on a mortgage loan.
Prime customers can borrow at a discount to the prime rate, so the number has lost its meaning, says Dr. Don.
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