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|User Info||Zuckerberg gets LIBOR'ed; entered at 2012-07-16 12:34:18|
Registered: 2010-03-01 New Orleans, LA
Zuckerberg's 30-year mortgage started with an initial rate in May of 1.05 percent, which also is the minimum rate for the loan, according to a document filed with the Santa Clara County Clerk-Recorder's Office. It adjusts each month starting in June with interest payments calculated as the London Interbank Offered Rate, or Libor, plus 0.8 percentage point. The maximum rate cannot exceed 9.95 percent.