Friday, February 15, 2008

Libor and Call Interest Rates

LIBOR and other interest rate indexes as of 2/13/2008
This weekMonth agoYear ago
Bond Buyer's 20 bond index 4.334.214.21
FNMA 30 yr Mtg Com del 60 days 5.645.536.22
1 Month LIBOR Rate
3 Month LIBOR Rate
6 Month LIBOR Rate 2.963.835.40
Call Money 4.756.007.00
1 Year LIBOR Rate 2.783.725.40

Call Money Rates are the interest rate charged by banks to brokers for money used to finance margin loans, usually to stock market investors.

LIBOR stands for London Interbank Offered Rate. It is the interest banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets, especially for mortgage lenders. Libor rates can be found in the Wall Street Journal. In general, its changes have been smaller than changes in the prime rate.

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