LIBOR Rate
The LIBOR rate for November
2019 is 1.81%, a decrease from October's LIBOR rate of 2.05%. 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.