Libor + 2.25% Aug 31 12-month – Piggington's Econo-Almanac

September 2, 2009 at 8:36 AM #451813

Participant

Libor + 2.25%

Aug 31 12-month LIBOR : 1.3%

Fully Indexed ARM rate : 3.55 % –> nearest 1/8th

RATE : 3.625%

I thought it would be fun to track the reset rates as we go through the next wave of resetting loans.
Not much surf here.