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- LIBOR ‘lie’ remains for now
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Adjustable Rate Mortgage-holders rejoice, LIBOR not being redefined … for now. Housing Wire covered earlier how changes to the LIBOR could radically impact home mortgage payments for folks with loans whose interest rates are tied to the index. You can all breathe a sigh of relief for the meantime, until the BBA gets around to overhauling the biggest sham of an index that side of the Atlantic.
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30 May, 2008| housingblogs |
@ 22:18