LIBOR: Definition, Calculation, 2012 Scandal, Phaseout
It makes all loans more expensive, reducing consumer demand and slowing economic growth. If LIBOR remains high, a recession and high unemployment could result. Homeowners with fixed-rate mortgages may not experience significant differences in the switch away from LIBOR, because their rates are locked in place. But homeowners with adjustable-rate mortgages tied to thinkforex announces free apple device promotion for new account […]