6 month LIBOR Adjustable Rate Mortgage
Libor Six Month
LIBOR is an abbreviation for "London Interbank Offered
Rate," and is the interest rate offered by a specific group of London banks for
U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for
setting rates of some adjustable rate financial instruments, including Adjustable Rate Mortgages
(ARMs)and other loans.
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