1 Year Libor

(Reported Monthly)

1 Year Libor Rate

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1 Year LIBOR (Reported Monthly) Definition

What is the LIBOR Rate? What is the LIBOR Index?

LIBOR stands for “London Inter-Bank Offered Rate.” This interest rate 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 in a particular currency. Rate calculations are complex as they incorporate variables such as time, maturity and currency exchange rates. There are hundreds of LIBOR rates reported each month in numerous currencies. We report the 1 Year LIBOR (12 Month LIBOR) on or after the first of the month. This is the LIBOR for a twelve month deposit in U.S. Dollars on the last business day of the previous month. For instance, the reported rate for February  is the rate published on February 1, reflecting the LIBOR for January 31.

Note: This monthly reported rate is a common index for adjustable rate mortgages using a LIBOR index. Prior to July 2007, the Fannie Mae LIBOR rate was published as a standard adjustable rate mortgage index. Fannie Mae discontinued the use and publication of its own LIBOR rates at the end of June 2007 and suggested the replacement rate index use this current methodology, which is similar to the Wall Street Journal LIBOR (WSJ LIBOR).

1 Year Libor Graph

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Daily Rate Updates
Fed Funds Rate
Rate Comparison Charts
1 Year Libor
6 Month Libor
3 Month Libor
1 Month Libor
1 Year CMT Rate
12 Month Treasury Average
Cost of Funds Index
Cost of Savings Index

1 Year Libor History

1 Year Libor History - Chart

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