Prime vs. LIBOR Index

Posted on October 11, 2009
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Private loan companies use two financial indexes to determine the interest rate they extend to their borrowers, the Prime Rate and LIBOR Index.  The Prime and LIBOR are the two most common benchmark interest rate indexes used in the market today.  Let’s quickly breakdown what each is.
What is the Prime Rate?
The prime rate, which is currently 3.25%, [...]

Source:Prime vs. LIBOR Index

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