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'Loanees tied to LIBOR may now worry' libor

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Loanees tied to LIBOR may now worry

-- libor

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10/25/08 15:44

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Loanees tied to LIBOR may now worry

If you have an adjustable-rate mortgage or student loan tied to the London Interbank Offered Rate, I am sure that you are not amused by now that it is rising steeply these past few months. This is because a rise in LIBOR may mean a rise in your loan's interest rate, and when the interest rate is steep, it means you will have to pay a larger interest.

Link: If your adjustable-rate mortgage is linked to LIBOR, brace yourself, analysts say | mycentraljersey.com | MyCentralJersey.com

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