Call Today
770-472-7533
HOME | ABOUT US | CONTACT US
Call Today
770-472-7533
HOME | ABOUT US | CONTACT US

PURCHASE LOANS FHA, VA, Conventional, FHA 203-k, Hud Homes, 2nd Homes and Investment property. We can help.

REFINANCE LOANSHarp, Du Refi Plus, FHA streamline (owner & investment) VA, Investment. Let us help.

OUR PROGRAMS Let us guide you through the home buying or refinancing process and finding the right program.

 
 
mortgage
Use our calculators to see if you can afford your dream home.

PURCHASE LOANS FHA, VA, Conventional, FHA 203-k, Hud Homes, 2nd Homes and Investment property. We can help.

REFINANCE LOANSHarp, Du Refi Plus, FHA streamline (owner & investment) VA, Investment. Let us help.

OUR PROGRAMS Let us guide you through the home buying or refinancing process and finding the right program.

 
 
mortgage
Use our calculators to see if you can afford your dream home.

London InterBank Offered Rate (LIBOR)

LIBOR is the rate on dollar-denominated deposits, also know as Eurodollars, traded between banks in London. The index is quoted for one month, three months, six months as well as one-year periods.

LIBOR is the base interest rate paid on deposits between banks in the Eurodollar market. A Eurodollar is a dollar deposited in a bank in a country where the currency is not the dollar. The Eurodollar market has been around for over 40 years and is a major component of the International financial market. London is the center of the Euromarket in terms of volume.

The LIBOR rate quoted in the Wall Street Journal is an average of rate quotes from 16 major banks.

The most common quote for mortgages is the 6-month quote. LIBOR's cost of money is a widely monitored international interest rate indicator. LIBOR is currently being used by both Fannie Mae and Freddie Mac as an index on the loans they purchase.

LIBOR is quoted daily in the Wall Street Journal's Money Rates and compares most closely to the 1-Year Treasury Security index.

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 Ga. Residential Mortgage #31466

 Ga. Residential Mortgage #31466

Home Loan Pros, Inc.
NMLS: 397243
2011 Commerce Dr F-113
Peachtree City, Ga 30269
Privacy | Terms | Contact Us | Home

Home Loan Pros, Inc.
NMLS: 397243
2011 Commerce Dr F-113
Peachtree City, Ga 30269
Privacy | Terms | Contact Us | Home


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