The LIBOR (London Inter-Bank Offered Date) index was the primary ARM index that was retired. Effective December 31, 2021, Libor will no longer be used to issue new loans in the U.S. It is being replaced by the Secured Overnight Financing Rate (SOFR), which many experts consider a more accurate and more secure pricing benchmark
To learn more about the SOFR Index, read the What index do you use? Help Center Article.
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