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Adjustable rate mortgages

Beware of the LIBOR -If Your Mortgage is Attached to it

If you have an adjustable rate mortgage (ARM), and if the index it's using to determine it's interest rate is the LIBOR (London Interbank Offered Rate), you may be in for a shock the next time it adjusts. The LIBOR is among the most common of benchmark interest rate indexes used to make ... » Learn More about Beware of the LIBOR -If Your Mortgage is Attached to it

Filed Under: Mortgage Rates Tagged With: Adjustable rate mortgages, ARM vs. fixed-rate mortgages, LIBOR, mortgage rates

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