LIBOR

LIBOR

	Libor: What it means for US consumer loans Check out how a key foreign interest rate impacts the interest you pay in the U.S. Calculating the new payment when ARM resets Sell home or refi ARM: A matter of timing What is Libor rate?

	Recent LIBOR stories
	How Libor impacts your ARM Libor may sound like a funny acronym, but it's an important term for mortgage borrowers to know. Check caps, floors before refinance When weighing a refinance, look first at the interest rate caps and floors on the existing mortgage. Time to refinance or can this homeowner handle the LIBOR risk on his mortgage? A homeowner planning to move in a few years likely can handle the possibility of rising LIBOR rates. Stimulus unlikely to help homeowner Stimulus package provisions are unlikely to help a homeowner with an interest-only loan. Loan document spells out LIBOR rate change rules A lender cannot pick and choose an advantageous date to change the LIBOR rate on a mortgage loan. Prime rate standard falls by wayside 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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30 yr fixed average
3.67%

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Mortgage Overnight Averages

Product	Rate	+/-	Last week
30 yr fixed mtg	3.67%		3.62%
15 yr fixed mtg	2.80%		2.76%
5/1 ARM	2.60%		2.58%
30 yr fixed mtg refi	3.65%		3.61%

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Libor: What it means for US consumer loans

Recent LIBOR stories