The LIBOR rates, which stand for London Interbank Offered Rate, are benchmark interest rates for many adjustable rate mortgages, business loans, and financial instruments traded on global Meanwhile, SOFR is just one rate—an overnight borrowing rate. LIBOR, on the other hand, has many tenors, ranging from as short as overnight to as long as 12-months. Because SOFR is an overnight rate and three-month LIBOR has a three-month maturity, SOFR has been biased lower. All else being equal, shorter maturities tend to have lower yields. Federal Funds Rate (Fed Funds Rate) History (Historical) - A Comprehensive History of The Federal Funds Rate, Also Known As The Fed Funds Rate, Inlcuding The Current Federal Funds Rate U.S. Prime Rate vs. Fed Funds Target Rate vs. 1-Month LIBOR vs. 3-Month LIBOR Chart: Target Fed Funds Rate | FREE Credit Reports | Mortgages Rates - Click