But if the Fed starts worrying about inflation, policymakers may decide to raise rates to keep prices from rising too sharply.
Each refinancing lender determines the rate they’ll offer a borrower on a case-by-case basis, so if you want to take advantage of the lowest interest rate available, it’s best to apply to many different lenders.
But by opting for a fixed-rate loan, you might be passing up the chance to start out making lower monthly payments.
Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month.
As of December 1, 2017, the one-month LIBOR rate is 1.34%.
from all the best student loan refinance lenders listed with a single application.
You can even check your prequalified rates without sharing your personal information or incurring a hard credit pull, so it won’t affect your credit.