Home / Royal Mail / Brace yourself if you have a LIBOR-linked ARM (USA Today)

Brace yourself if you have a LIBOR-linked ARM (USA Today)

The London Interbank Offered Rate, or LIBOR, sounds like one of those funny British idiosyncrasies, like warm beer or the royal family. But if you have an adjustable-rate mortgage or a student loan tied to the LIBOR, you will not be amused by what’s been happening to this index in recent weeks.

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