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Weā€™ve enhanced our platform for chase.com. For a better experience, download the Chase app for your iPhone or Android. Or, go to System Requirements from your laptop or desktop.

LIBOR Index Change

Weā€™re here to help

Understand and prepare for changes to your adjustable-rate mortgage.

LIBOR index change

We're here to help you understand and prepare for changes that will affect your adjustable-rate mortgage.

The LIBOR index, used to determine the interest rate charged for some adjustable rate loans, may no longer be available June 2023. This will affect some loans and lines of credit that use the LIBOR index to determine interest rate.

We're working with regulators and consumer advocacy organizations to move existing accounts from LIBOR to another index in a way that's fair and transparent.

Here's what this means for you:

  • If your adjustable-rate mortgage is based on the LIBOR index, a new index will be assigned to your loan at your first-rate adjustment after June 2023.
  • Starting in August 2020, new adjustable-rate mortgages no longer use the LIBOR index.

Where to learn more

Learn more about your Chase adjustable-rate mortgage

LIBOR Index FAQs

Before reviewing the LIBOR frequently asked questions, it may be helpful to learn more about adjustable-rate mortgages on our ARM site, or by reviewing information from the .

No. All loans and financial products that are based on LIBOR are affected.

A new index will be used to determine the interest rate when your loan has its regular interest rate adjustment after June 2023. Until then, your interest rate will continue to be based on the LIBOR index.

New adjustable-rate mortgage loans through Chase are based on the SOFR index.

With any ARM loan, the interest rate (and therefore the payment) can increase whenever you have a scheduled interest rate adjustment, regardless of the index that's used.

No. The timing of your interest rate adjustment will not change.

We want to ensure you have the information you need during this transition. We will:

  • Post updates to chase.com as new information becomes available.
  • Send updates by mail when your new interest rate and payment effective dates get closer.