Current LIBOR Rates:

* 1 Month: 2.42%
* 1 Year: 3.08%
* What it means: LIBOR stands for London Inter Bank Offer Rate. It’s the rate of interest at which banks offer to lend money to one another in the wholesale money markets. It is a standard financial index used in the U.S. capital market, which is used to set the cost of various variable-rate loans. It is generally used as a reference figure for corporate financial transactions.