The Eleventh Federal Home Loan District Cost of Funds Index rose 10 basis points in August to 4.277%, according to the Federal Home Loan Bank of San Francisco.The index stood at 4.177% in July. COFI consists of the weighted average of the cost of funds to originate mortgage loans among the FHLBank's savings institution members in Arizona, California, and Nevada. The index lags the current interest rate environment by as much as six months. The bank can be found online at http://www.fhlbsf.com.
COFI Keeps Rising
October 02, 2006, 2:00 p.m. EDT 1 Min Read
