At MOG we are living in unprecedented times. Thank you for taking Covid-19 seriously. The sacrifices you're making during this time canceling gatherings and social disctancing are working keep it up...

Fed working group proposes SOFR-based mortgage by 2021

The Alternative Reference Rates Committee promotes the adoption of a new Secured Overnight Funding Rate index rate to replace Libor in pricing hybrid adjustable-rate mortgages within the next two years. The change would be the first application of SOFR to a consumer-loan product.
Source: Mortgage