The term "Libor Rates" refers to the London Interbank Offered Rate.
Although many mortgage companies base their interest rates on the Federal Prime Rate, Chase Home Finance bases their mortgage interest rates on the London Interbank Offered Rate, also known as the LIBOR.
LIBOR is an acronym for London Interbank Offered Rate.
This rate increases or decreases based on the interbank market of London.
The London Interbank Offered Rate (LIBOR) is the average of the rates which the highest-rated banks in England would charge to borrow money from each other.
The LIBOR - which stands for the London Interbank Offered Rate - usually follows the Federal Funds Rate fairly closely.
LIBOR, the London Interbank Offered Rate, is the average interest rate which a pre-selected group of banks in England would charge when they loan money to other banks.
At what rate do you think interbank term deposits will be offered by one prime bank to another prime bank for a reasonable market size today at 11am?
In Europe, this entity is LIBOR - the London Interbank Offered Rate.
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