Current LIBOR Rates at Historical Lows

London Interbank Offered Rates (LIBOR) remain near historical lows. The short term, 1-month LIBOR rate is down 2.16% to only 0.32% from 2.48% just a year ago.

Chart of 3 month LIBOR Rate vs. Time courtesy of Wikinvest

This is This table shows all LIBOR rates are down significantly from a year ago.

Updated 6/10/2009	This week	Month ago	Year ago
1 Month LIBOR Rate	0.32	0.35	2.48
3 Month LIBOR Rate	0.65	0.91	2.79
6 Month LIBOR Rate	1.27	1.43	3.17
1 Year LIBOR Rate	1.60	1.78	3.21

See Libor Rates at a Glance for current rates and graphs.

Definition: LIBOR is the London Interbank Offered Rate. It is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.

• Current Libor Rates
  
  
• Historical Libor Rates
  
  
• Libor Rates at a Glance
  

Chase Bank Mortgage Rates - Conforming & Jumbo

Below are the mortgage rates for Chase Bank.

For an easier to read table plus a table for jumbo loans, please see

Chase Bank Mortgage Rates

Assume $300,000 loan with 20% ($60,000 down) in CA

Loan Type	Rate %	Points %	APR %
30-yr fixed	5.50	1.125	5.662
30-yr fixed	5.25	2.125	5.502
15-yr fixed	5.00	1.00	5.252
15-yr fixed	4.75	2.00	5.155
5/1 ARM	4.875	1.00	4.384
5/1 ARM	4.250	2.00	4.236

Jumbo Loan
Assume $1,000,000 with 20% ($200,000) down in CA with excellent credit

	Mortgage Type	Current Rate	Points	APR
	3/1 ARM Jumbo*	6.500	0.000	4.388	$5,056.54
	3/1 ARM Jumbo*	5.000	2.000	4.140	$4,294.57
	5/1 Adjustable-Rate Mortgage (ARM) Jumbo	7.250	0.250	5.162	$5,457.41
	5/1 Adjustable-Rate Mortgage (ARM) Jumbo	5.125	2.000	4.376	$4,355.90
	30-Year Fixed-Rate Jumbo	7.000	1.375	7.157
	30-Year Fixed-Rate Jumbo	6.500	0.000	6.534	$5,056.54
	30-Year Fixed-Rate Jumbo	5.750	1.875	5.958	$4,668.58

For more Jumbo rates and terms, see Chase Bank Mortgage Rates


Chase Bank Mortgage Rates as of 6/4/09