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What is a 1 Month LIBOR Mortgage? 

The 1 month LIBOR is an index that is used to calculate the interest rate for a 1 month Adjustable Rate Mortgage, or 6 month LIBOR index that is used to calculate the interest rate for a 6 month Adjustable LIBOR Mortgage.

LIBOR is short for the London InterBank Offered Rate, the interest rate offered for U.S. dollar deposits by a group of large London banks.  A 1-month LIBOR Mortgage can adjust monthly based on this index plus a margin.

There are actually several LIBOR indexes corresponding to different deposit maturities. Indexes are quoted for 1-month, 3-month, 6-month and 12-month deposits.

We offer several LIBOR products, including the 1 month with margins as low as .50 over the index!  (The margin is added to the current index value to determine your new rate at each change.)

Call Today:  Toll Free 800-291-0405 or complete the form below.  A LIBOR Mortgage specialist will contact you shortly about your LIBOR Mortgage.
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