LIBOR Rate
The LIBOR rate for June
2019 is 2.43%, a decrease from May's LIBOR rate of 2.49%. 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.