Which of the following is most commonly used as a base index for setting rates for adjustable rate mortgages?
A)Federal Reserve Bank
B)Karl's Mortgage Calculator
C)Realtor.com
D)London Interbank Offered Rate
E)Bankrate.com

Question

Quizplus · Accepted Answer

The London Interbank Offered Rate (LIBOR) is most commonly used as a base index for setting rates for adjustable rate mortgages. It represents the average interest rate at which major global banks lend to one another.

Which of the Following Is Most Commonly Used as a Base