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LIBOR index is the London Interbank Offered Rate. It is used as a reference of the interest rate at which the banks will lend money to each other. The LIBOR index changes daily.
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Libor rate history in finances is a common interest rate index, which is used to adjust adjustable mortgagee rates. The importance of libor rate history when referring to finances is important to investors as well as business owners who are a part of the indexes.
LIBOR stands for London Inter-Bank Offered Rates. The index is the interest rate that a group of certain London-area banks are willing to pay for US currency deposits. It is used to set adjustable interest rates for a variety of loans. http://mortgage.lovetoknow.com/Libor_Index
Libor was created in 1984.
LIBOR rates are published everyday at 11GMT. Check the related links on where to find the LIBOR information
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