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If you're in the US and the mortgage is dollar-based I would expect you to be transitioned to a SOFR-based loan, possibly with a credit adjustment spread.
by gadders 5y ago
If you're in the US and the mortgage is dollar-based I would expect you to be transitioned to a SOFR-based loan, possibly with a credit adjustment spread.
- codebolt 5y agoWhat about SONIA, isn't that the dollar based equivalent?
- NoboruWataya 5y agoSONIA is the Sterling Overnight Index Average, an overnight rate for pound sterling.