Saturday, April 19, 2008

Heloc Borrowers – Libor Shooting Up

According to the WSJ. the LIBOR is likely to shoot up in relation to other money rates. Apparently, there is some concern banks were lying about their rates causing the LIBOR to be artificially low. Now, my HELOC rate is likely to go up again.

PS – I wonder how long it will take Class Action attorneys to file lawsuits on behalf of borrows getting the shaft.

1 comment:

Carrie Newhouse said...

I hope the attornies start soon! So many people are barely hanging on!