Featured Resources
Mortgage Payment Calculator
- By MoneyCafe.com Editor
- Published 03/13/2007
- Commercial Finance , Home and Mortgage , Financial Calculators
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Rating:
Calculates payment, interest and points.
Loan Comparison Calculator
- By MoneyCafe.com Editor
- Published 03/13/2007
- Financial Calculators , Home and Mortgage , Auto Finance , Commercial Finance
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Rating:
Compare loan amounts, rates, points and terms.
Rent vs. Buy Analysis
- By MoneyCafe.com Editor
- Published 03/13/2007
- Financial Calculators , Home and Mortgage
- Unrated
Calculate your effective gain of owning versus renting home. Compare rental costs with your potential gains from buying home.
London Interbank Offered Rates (LIBOR)
- By MoneyCafe.com Editor
- Published 03/11/2007
- LIBOR Rates , Interest Rates
- Unrated
LIBOR stands for "London Inter-Bank Offered Rate." It is based on rates that contributor banks in London offer each other for inter-bank deposits. From a bank's perspective, deposits are simply funds that are loaned to them. So in effect, a LIBOR is a rate at which a fellow London bank can borrow money from other banks. Rate calculations are complex as they incorporate variables such as time, maturity and currency rates. There are hundreds of LIBOR rates reported each month in numerous currencies.
Twelve Month Treasury Average (12 MTA)
- By MoneyCafe.com Editor
- Published 03/11/2007
- Treasury Rates , Interest Rates
- Unrated
This is index is the 12 month average of the monthly average yields of U.S. Treasury securities adjusted to a constant maturity of one year. In plain English, this index is calculated by averaging the previous 12 rates of the 1 Year CMT. Because this particular index is an annual average, it is more steady than the 1 Year Treasury Index. It fluctuates slightly more than the 11th District Cost of Funds, although its movements track each other very closely, as shown on our comparison charts. The terms 12 MTA (12 month treasury average) and 12 MAT (12 month average treasury) are used interchangeably.