Why LIBOR Rates Show a Future Bull Run
Posted on May 19, 2009 at 13:03 PM EDT
LIBOR rates have plummeted since the start of the credit crisis last fall to levels unseen since the last recession in 2003. As they continue to fall, showing strength in the amount of credit available, banks have become more willing to borrow and lend, producing rather large profits at current mortgage rates. Why LIBOR is so [...]