Libor is Going Away. What Does that Mean for Your Mortgage?
WTOP (Washington, D.C.), Apr. 8, 2019–Jeff Clabaugh
Lenders have wanted to move away from Libor for many years because of its thin representation of surveyed banks responding to determine the state of interest rates. “The Federal Reserve System has led a conversation in the U.S. with financial market participants,” said Mike Fratantoni, chief economist at the Mortgage Bankers Association.
