Libor arm index rate
A LIBOR ARM is an adjustable rate mortgage that is based on the LIBOR index, which stands for the London Inter Bank Offered Rate. When a LIBOR ARM is due LIBOR stands for the London InterBank Offered Rate and is an index set by a group of London-based banks and can be used in the United States for ARMs. Just For example, the London Interbank Offered Rate, or LIBOR, is managed by the When setting ARM rates, mortgage lenders add the index to a margin, which is