http://ask.metafilter.com/tags/LIBOR Questions tagged with 'LIBOR' at Ask MetaFilter. Tue, 08 Apr 2008 19:43:57 -0800 Tue, 08 Apr 2008 19:43:57 -0800 en-us http://blogs.law.harvard.edu/tech/rss 60 http://ask.metafilter.com/88266/The%2Dlabor%2Dof%2Dpredicting%2DLIBOR Should I choose a private student loan based on the 1-month LIBOR or the Prime Rate? I have private education loan approvals that are based on both the 1-month LIBOR rate (more specifically, the quarterly average of the 1-month LIBOR) and the Prime Rate. Chase Education is calculating the 1-month LIBOR currently at 3.62 (an average of Jan-Mar rates of 4.223, 2.849, 2.708) and the April rate has posted at 2.486, so a clear downward trend. Historically the lowest LIBOR has hit was 1.340 in 2003. <br> <br> My margin with Chase would be +2.5% so right now calculated at 6.12%. The best offer I was received based on the Prime Rate is Prime +1%, so right now a rate of 6.25% with the margin. Within the last ten years, the lowest prime rate was 4.0%.<br> <br> Both rates have obviously experienced cuts in the past quarter, but other than a crystal ball, is there is any way to get an idea of which rate will experience further decreases and thus save me from accruing more interest? tag:ask.metafilter.com,2008:site.88266 Tue, 08 Apr 2008 19:43:57 -0800 interest LIBOR loans Prime rates Asherah