Anyone who has a Commercial Mortgage will (or should) be familiar with LIBOR.  So they should also be quite pleased that LIBOR has reached a record low.

LIBOR is the rate which determines the cost of most commercial mortgages and many other forms of borrowing.  The rate coming down may bring good news in that interest rates on mortgages and other loans may follow suit.

Read more on Good News about Commercial Mortgages – well sort of….