London Inter-Bank Offered Rate
The LIBOR (London Inter-Bank Offered Rate) is the rate at which banks in London loan funds to one another in wholesale money markets. U.S. Capital markets use it as a benchmark for adjustable rate mortgages. As you can see from the chart below, the LIBOR is generally more volatile than the MTA.
LIBOR for May 2008 = 3.027%
History:
|
LIBOR Index |
12 Month Treasury Average |
| May 2008 |
3.027% |
3.290% |
|
2.802% |
3.528% |
| |
2.512% |
3.794% |
| |
2.814% |
4.076% |
| Jan 2008 |
3.509% |
4.326% |
| |
4.431% |
4.523% |
| |
4.533% |
4.662% |
| |
4.884% |
4.788% |
| |
5.070% |
4.863% |
| |
5.185% |
4.933% |
| Jul 2007 |
5.391% |
4.983% |
| |
5.405% |
5.005% |
| |
5.389% |
5.022% |
| |
5.297% |
5.029% |
| |
5.201% |
5.027% |
| |
5.333% |
5.014% |
| Jan 2007 |
5.441% |
4.983% |
|
5.314% |
4.933% |
|
5.244% |
4.883% |
|
5.335% |
4.827% |
|
5.299% |
4.758% |
|
5.450% |
4.664% |
| Jul 2006 |
5.591% |
4.563% |
|
5.766% |
4.432% |
|
5.414% |
4.282% |
|
5.423% |
4.143% |
|
5.248% |
4.011% |
|
5.153% |
3.888% |
| Jan 2006 |
4.941% |
3.751% |
|
4.823% |
3.618% |
|
4.738% |
3.478% |
|
4.677% |
3.326% |
|
4.407% |
3.163% |
|
4.312% |
3.019% |
| Jul 2005 |
4.175% |
2.865% |
|
3.863% |
2.737% |
|
3.779% |
2.633% |
|
3.710% |
2.504% |
|
3.842% |
2.347% |
|
3.511% |
2.171% |
| Jan 2005 |
3.271% |
2.022% |
|
3.100% |
1.887% |
|
2.961% |
1.773% |
|
2.529% |
1.677% |
|
2.445% |
1.595% |
|
2.300% |
1.522% |
| Jul 2004 |
2.463% |
1.463% |
|
2.468% |
1.381% |
|
2.076% |
1.288% |
|
1.808% |
1.238% |
|
1.340% |
1.225% |
|
1.365% |
1.229% |
| Jan 2004 |
1.461% |
1.234% |
|
1.458% |
1.244% |
|
1.487% |
1.256% |
|
1.455% |
1.268% |
|
1.286% |
1.302% |
|
1.471% |
1.342% |
| Jul 2003 |
1.279% |
1.379% |
|
1.201% |
1.449% |
|
1.221% |
1.548% |
|
1.362% |
1.646% |
|
1.340% |
1.747% |
|
1.368% |
1.858% |
| Jan 2003 |
1.477% |
1.935% |
|
1.447% |
2.002% |
|
1.705% |
2.066% |
|
1.664% |
2.123% |
|
1.813% |
2.180% |
|
1.943% |
2.272% |
| Jul 2002 |
2.070% |
2.414% |
|
2.251% |
2.553% |
|
2.634% |
2.668% |
|
2.613% |
2.787% |
|
3.006% |
2.912% |
|
2.496% |
3.056% |
| Jan 2002 |
2.420% |
3.260% |
|
2.445% |
3.481% |
|
2.492% |
3.763% |
|
2.311% |
4.088% |
|
2.650% |
4.395% |
|
3.600% |
4.671% |
| Jul 2001 |
3.835% |
4.897% |
|
4.055% |
5.102% |
|
4.259% |
5.318% |
|
4.330% |
5.530% |
|
4.670% |
5.711% |
|
4.925% |
5.871% |
| Jan 2001 |
5.284% |
5.999% |
|
5.997% |
6.108% |
|
6.618% |
6.128% |
|
6.725% |
6.083% |
|
6.811% |
6.035% |
|
6.978% |
5.962% |
| Jul 2000 |
7.047% |
5.880% |
|
7.214% |
5.793% |
|
7.453% |
5.703% |
|
6.964% |
5.580% |
|
6.970% |
5.458% |
|
6.760% |
5.338% |
| Jan 2000 |
6.659% |
5.212% |
|
6.508% |
5.078% |
|
6.261% |
4.968% |
|
6.313% |
4.883% |
|
6.053% |
4.773% |
|
6.023% |
4.728% |
| Jul 1999 |
5.836% |
4.729% |
|
5.803% |
4.757% |
|
5.503% |
4.783% |
|
5.303% |
4.832% |
|
5.307% |
4.889% |
|
5.405% |
4.940% |
| Jan 1999 |
5.108% |
4.991% |
|
5.213% |
5.052% |
|
5.244% |
5.136% |
|
4.865% |
5.213% |
|
5.186% |
5.325% |
|
5.648% |
5.393% |
| Jul 1998 |
5.897% |
5.422% |
|
5.940% |
5.437% |
|
5.930% |
5.460% |
|
6.024% |
5.496% |
|
5.914% |
5.547% |
|
5.836% |
5.581% |
| Jan 1998 |
5.774% |
5.599% |
|
6.079% |
5.630% |
|
6.110% |
5.625% |
|
5.922% |
5.623% |
|
6.008% |
5.629% |
|
6.079% |
5.655% |
| Jul 1997 |
5.977% |
5.664% |
|
6.141% |
5.690% |
|
6.289% |
5.700% |
|
6.454% |
5.681% |
| |
6.282% |
5.643% |
| |
5.954% |
5.605% |
| Jan 1997 |
5.954% |
5.556% |
Click below to see rate graph: Please allow 45 seconds for it to load.
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