COFI Mortgage Index Dips

In line with interest rates in general as of late, the monthly 11th District Cost of Funds Index turned modestly lower.

COFI, which is utilized as an index for a small share of adjustable-rate mortgages, landed at 0.69 percent in June.

That was up ever so slightly when compared to one month previous, a month that saw an index of 0.691 percent.

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From:: Financing