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.
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Libor is the London Interbank Offered Rate. This rate is used for short term loans and interest rates. It is also the rate that banks use to know who is worthy of getting credit and who is not.
The current Libor rate for June 26, 2013 is .68 for a one year loan and ranges between .19 - .41 for one to six month loans. The Libor rate is not fixed and is subject to change based on market conditions.
Fedprimerate is updated regularly with the current libor rate. As it is likely to change, it is wise to check it just before you need the information provided.
London Interbank Offered Rate - LIBOR is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market.
London Interbank Offered Rate. It's a benchmark for rates like prime or fed funds rate.