The Eleventh Federal Home Loan District Cost of Funds Index rose to 2.317% in February, the ninth consecutive month it has recorded an increase.The index stood at 2.183% in January. Since reaching a low of 1.708% in May 2004, COFI has increased more than 60 basis points. The index is a weighted average calculation of the cost of mortgage money for thrifts in Arizona, California, and Nevada.

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