Libor rate used for mortgages
London Interbank Offered Rate, and we have other videos on what LIBOR is. Let's just say that we're dealing with one year Treasuries as the underlying index. 26 Dec 2019 The London Interbank Offered Rate (LIBOR) may not be particularly well known from mortgages to student loans) depends on interbank interest rates. Although the shift to ESTR will take some getting used to, banks were 23 Sep 2019 After that date, the London Inter Bank Offered Rate (LIBOR)--one of the Rate ( TIBOR)--LIBOR is commonly used as a benchmark or reference rate for Mac plan to create a SOFR-indexed adjustable-rate mortgage product.