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- LIBOR Rate Apparently Rising In Response To BBA Investigation
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From the Wall Street Journal this morning- this is worth watching:
A sharp and unexpected rise in a widely used interest rate is threatening to add billions of dollars to the interest bills of homeowners, companies and other borrowers around the world.
The London interbank offered rate jumped for the second straight day Friday — two days after the British Bankers’ Association, which oversees the calculation of the interest rate, said it was investigating the borrowing rates that banks had been providing to it….
Original Source: housingdoom.com
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19 April, 2008| housingblogs |
@ 15:30