What is a Libore?.
This week 6-mos Libor is .79. But your current rate will still be around = 0.94 + the margin (common margin is 2.75%). So your rate should be 0.94+2.75=3.69. Most adjustable loans also have the floor rate so they can only go to a certain amount. For this particular example your rate could just be 4% if the floor rate...