GOOGLE LIBOR TO UNDERSTAND IT

LIBOR is an abbreviation for the "London Interbank Offered Rate," and is the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for setting rates of some adjustable rate financial instruments, including Adjustable Rate Mortgages (ARM's) Today's LIBOR Interest Rates are listed below and updated daily: LIBOR - 1 Yr 4.131% -0.038% LIBOR - 6 Mo 4.376% -0.018% LIBOR - 3 Mo 4.750% -0.002% LIBOR - 1 Mo 4.560% -0.027% Treasury - 30 Yr 4.14% 0.05% Treasury - 10 Yr 3.84% 0.12% Fed Prime Rate 4.50% 0.00% as of 14-Oct-08 09:32 ET sources: DTN, Federal Reserve © theFinancials.com