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Reply to "1 year libor rate"
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[quote=Anonymous][quote=Anonymous]We have been riding the low libor rate for the last 4 years and have stayed close to 3% on our ARM. Any finance people out there know how volatile this number is? Where do you see it in a couple of years?[/quote] Wait, did I write this?? I was JUST discussing this with DH. We too have an arm tied to the one yr libor. Our current total rate 3.25%. Have had the loan for 7 yrs and it has done well by us. It resets every August. I checked libor forecast this morning and it looks like its going to go down. When we recast lat year it went from .85 to 1.075. Aug forecast is for .73. I do think that rates are going up in 2014 though. We plan to sell in 3 yrs. [/quote]
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