LIBOR Rate
The LIBOR rate for August 2019 is 2.27%, a decrease from
July's LIBOR rate of 2.43%. With any change to the LIBOR rate, variable rate
loans will re-amortize and a repayment schedule will be provided that will
include your new monthly payment amount, interest rate (margin plus LIBOR), and
the effective date of your new monthly payment amount.
Note: The
repayment schedule interest rate does not reflect the Auto Pay discount, if
applicable to your loan program, as payments are not calculated with the
discounted interest rate.