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LIBOR Changes to Effect Mortgages in the United States, According to Andy May, COO, AAFMAA Mortgage Services

Released 08/01/17 02:58pm

July 28, 2017 - Future changes in LIBOR (London Interbank Offered Rate) may cause disruptions in the adjustable rate mortgage market in the United States, according to Andy May, COO, AAFMAA Mortgage Services. According to Chad Bray, New York Times, page b-3 business section, Regulators are replacing LIBOR with "a system of rates that are ...

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