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Mortgage-X Monthly LIBOR Index
|The Mortgage-X Monthly LIBOR is a new mortgage (ARM) index available through Mortgage-X.
Starting from August 1, 2007 we offer this index as a replacement for the Fannie
Mae monthly LIBOR that has been discontinued.
We post four monthly LIBOR indexes that are calculated by averaging the past month's daily WSJ LIBOR rates: 1-Month, 3-Month, 6-Month, 1-Year LIBOR. Each Mortgage-X monthly LIBOR index is based on the corresponding LIBOR index quoted in the Wall Street Journal (WSJ LIBOR) and is computed by averaging the past month's daily rates of the underlying WSJ LIBOR. The index is rounded to the nearest 10,000th of one percentage point.
Though we first began publicly providing the Mortgage-X LIBOR in August, 2007 (for the month of July 2007), we post index values for earlier months to illustrate what they would have been for those periods (the daily WSJ LIBOR rates that make up the Mortgage-X monthly LIBOR index are posted on our website).
The monthly Mortgage-X LIBOR index for a given month is announced by Mortgage-X on the 1st day of the following calendar month. The current value is posted in our Current Mortgage Indexes table.
Mortgage-X Monthly LIBOR Index History *
|Mortgage-X compiles historical values for the indexes which are widely used on adjustable rate mortgages (ARMs): Historical
Mortgage Professionals Offering LIBOR-indexed Loans: If you are looking for a LIBOR-indexed ARM and need more information or advice, we invite you to take advantage of our database of the most competitive lenders available. Just complete a short loan request form and the best lenders in your local area will contact you with their rates and fees.
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* The Mortgage-X Monthly LIBOR Index History contained on this web page may be used with proper attribution.