Does anyone know what the current LIBOR rate is?
Today’s rate is 0.47%. The link is its history since January 1, 2007. Click on the link in the LIBOR section. The 1 month, 3 month, thing is the average over that period of time. Banks charge each other the LIBOR rate for overnight borrowing. Many consumer interest rates are based on the LIBOR average over some period of time, 1 month, 3 month, 1 year. Adjustable interest rates are quoted as X.XX% above the X month LIBOR average.
