LIBOR Rate
The LIBOR rate for September 2019 is 2.14%, a decrease from August's LIBOR rate of 2.27%. 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.