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libor rate
daylad
Posts: 119 Forumite
this is a shot in the dark if anyone knows the answer but does anyone know if the libor rate will go up when the interest rates go up later in the year? thanks
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Comments
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Yes. As BOE base gives a floor to inter bank lending rates.0
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LIBOR rates change every (working) day.
Why do you ask?0 -
my mortgage tracks the libor rate don't really want it shooting up!!!0
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my mortgage tracks the libor rate don't really want it shooting up!!!
Which LIBOR rate? There are quite a few different rates ranging from 0.4725% to 1.025%.
The 12 month rate increased quite a bit today so your next statement you might see an increase on your interest rate.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Historically, UK residential mortgages have tracked three month LIBOR.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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