Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Cost of Funds Index

What is Cost of Funds Index?

Definition
Cost of Funds Index is the weighted average interest expense paid by reporting financial institutions on their borrowings. COFI stands for the 11th District Monthly Weighted Average Cost of Funds Index.
What It Means
It is calculated and published by the Federal Home Loan Bank of San Francisco (FHLB-SF). COFI is used as an index to adjust interest rate on adjustable rate mortgages.
Acronym
COFI
Category
Rates

Related Terms

  • Constant Maturity Treasury: Constant Maturity Treasury rates are the interpolated yields based on the yields of the recently auctioned treasury bills, notes, and bonds.... Read More
  • Cost of Savings Index: Cost of Savings Index is the weighted average of all the interest rates paid on Certificate of Deposits held by individual depositors of Wells Fargo a... Read More
  • Prime Rate: Prime Rate refers to the interest rate charged by banks on loans lent to their most credit worthy customers... Read More
  • FRB Prime Rate: Federal Reserve Bank Prime Rate is the rate posted by a majority of top 25 (by assets in domestic offices) insured U.S. chartered commercial banks.... Read More
  • WSJ Prime Rate: The Wall Street Journal Prime Rate is the base rate on corporate loans posted by at least 70% of the 10 largest U.S. banks.... Read More
Source :www.MortgagesAnalyzed.com

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