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What is LIBOR?
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What is LIBOR?

LIBOR stands for London Interbank Offered Rate, and is the rate of interest that banks lend money to each other. This rate is variable, and is reviewed every 3 months. Some lenders offer mortgages that are linked to LIBOR, this means that any change in the LIBOR rate will have a direct consequence on what you pay to your lender each month.



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