COFI Bounces Off Record Low

Following a month when it fell to the lowest level ever, the 11th District Cost of Funds Index jumped to the highest level since last summer.

COFI was calculated to be 0.645 percent as of April. That was the highest elevation for the index since August 2016, when it landed at 0.703 percent.

The index ascended from 0.583 percent in March 2017 — the lowest level on record for COFI based on data going back to July 1981.

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From:: Financing