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LIBOR still dropping...

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Comments

  • LIBORs 3rd Nov

    3mth 0.59688
    6mth 0.815
    12mth 1.17813
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • LIBORs 4th Nov

    3mth 0.60094
    6mth 0.8225
    12mth 1.18813

    creeping up a wee bit
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • dunstonh
    dunstonh Posts: 119,860 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Can anyone explain why the Libor has dropped massively, but mortgage rates are higher than ever?

    Lenders are increasingly using deposits and other instruments and not funding methods via LIBOR. Most of the lenders that only used LIBOR no longer exist or have withdrawn from new business.

    Savings rates have to be higher to attract deposits and that means lending rates have to be higher too.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • I dont like the way its creeping slowly upwards.
  • scrounger wrote: »
    I dont like the way its creeping slowly upwards.


    i'd describe it more as 'bumbling along' at the bottom
    reckon we will see the odd 'up half a tic', then 'down half a tic' days in the coming weeks/months
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • LIBORs 5th Nov

    3mth 0.6025
    6mth 0.82375
    12mth 1.18938
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • LIBORs 6th Nov

    3mth 0.60875
    6mth 0.83
    12mth 1.19563
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • 13:56 06Nov09 SWAPS: GBP Curve Moves Steeper After US Payrolls

    London, November 06

    The GBP curve took a lurch steeper after the US unemployment revealed that losses were larger than forecast. Dealers commented that the short end took the brunt of a sharp gap higher in the underlying markets in a damage limitation exercise. Payers of the 10-year have been noted as the data is digested. 2s/10s was placed under pressure as traders recognised that a break out of 206 bp may afford some value.


    Sterling Futures all higher also (particularly around end 2010)
    Indicating low rates for long time to come.....

    I's expect to see LIBORs lower on Monday.
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • now i've finally hit the the top (and Wu Tang has gone quiet) is anyone else brave enough to challenge me??? ;)

    http://fantasyfootball.skysports.com/
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    now i've finally hit the the top (and Wu Tang has gone quiet) is anyone else brave enough to challenge me??? ;)

    http://fantasyfootball.skysports.com/

    You were saying.....??
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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