Phaseout of LIBOR Could Impact Variable-Rate MortgagesBy Liz Dominguez The controversial London Interbank Offered Rate (LIBOR) is set to phase out by 2021 after an international investigation revealed that multiple banks were manipulating the rates for profit. Why does that matter for consumer loans? Although the benchmark sets the interest rate at which banks can lendPlease login to continue reading, or follow the link in your e-Newsletter. Signup for a free trial! |