Some investors think a Fed hike could come in September thanks to a spike in Libor | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: Wall Street now believes there’s a better chance of a September Fed hike, thanks to a rising benchmark interest rate that some experts believe will influence the central bank. The three-month London Interbank Offered Rate — more commonly known as Libor — is around the highest level it’s been since May 2009. The rate represents how much banks around the world charge each other for small-term loans, and helps determine global rates as well. While Libor had been dwelling below 0.3 percent for more than two years, it started rising a year ago and has been climbing steadily since late 2015. Much of the gain can be attributed to money market regulatory changes happening in October that are pushing on small-term rates. But, there could be more to it. Some experts believe it’s a telltale sign that the Fed could get pushed into hiking rates before it wants to and before much of the market expects it to.)