SHIBOR and LIBOR

 MORTGAGE

LIBOR, other interest rate indexes

By Bankrate.com

The LIBOR is among the most common of benchmark interest rate indexes used to make adjustments to adjustable rate mortgages. This page also lists some other less-common indexes.

Click on the links below to find a fuller explanation of the term.

Updated 1/5/2011

LIBOR, other interest rate indexes

	This week	Month ago	Year ago
Bond Buyer's 20 bond index	5.08	4.86	4.31
FNMA 30 yr Mtg Com del 60 days	4.55	4.50	4.87
1 Month LIBOR Rate	0.26	0.26	0.23
3 Month LIBOR Rate	0.30	0.30	0.25
6 Month LIBOR Rate	0.46	0.46	0.40
Call Money	2.00	2.00	2.00
1 Year LIBOR Rate	0.78	0.78	0.96

About Shibor Shibor (Shanghai Interbank Offered Rate) is calculated, announced and named on the technological platform of the National Interbank Funding Center in Shanghai. It is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of banks with a high credit rating. Currently, the Shibor consists of eight maturities: overnight, 1-week, 2-week, 1-month, 3-month, 6-month, 9-month and 1-year. The price quotation group of Shibor consists of 16 commercial banks. These quoting banks are primary dealers of open market operation or market makers in the FX market, with sound information disclosure and active RMB transactions in China's money market. Shibor Working Group of PBC decides and adjusts the panel banks, supervises and administrates the Shibor operation, and regulates the behavior of the quoting banks and the specified publisher in accordance with the Implementation Rules of Shibor. National Interbank Funding Center is authorized to calculate and publish Shibor. At 11:30AM (Beijing Time) each business day, Shibor of the eight maturities will be published at www.shibor.org after arithmetically averaging all the quotations of the 16 banks, with the two highest and two lowest quotations excluded.