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cost of funds index (COFI)

February 9, 2009 by jessebkaye

One of the indexes that is used to determine interest rate changes for certain adjustable-rate mortgages. It represents the weighted-average cost of savings, borrowings, and advances of the financial institutions such as banks and savings & loans, in the 11th District of the Federal Home Loan Bank.

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cost of funds index (COFI)

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