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| User Info | Zuckerberg gets LIBOR'ed; entered at 2012-07-16 12:34:18 | |||
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Dmj625 Posts: 447 Registered: 2010-03-01 New Orleans, LA 
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http://finance.yahoo.com/news/zuckerberg....Quote: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. | |||