The chart shows that interest rates continue to rise on Adjustable Rate Mortgage (ARM) loans.
Credit is tightening. The bubble is under significant pressure on many fronts.
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ReplyDeleteIs it just that I am looking in the wrong place, or have LIBOR loans vanished. I used to look at the LIBOR rates on Bankrate.com, but now they do not seem to be there.
ReplyDeleteOr is there a circumstance or an interest rate level at which that type of loan just disappears naturally?