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Cost Of Funds Index

BUSINESS
September 3, 1985
The Federal Home Loan Bank of San Francisco reported that the monthly cost-of-funds index for July was 9.365%. The index for June was 9.565%. Changes in interest rates on adjustable-rate mortgages offered by many savings institutions and commercial banks are tied to changes in the index. The cost-of-funds index reflects the interest rates paid by savings institutions in Arizona, California and Nevada on their various sources of mortgage money.
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BUSINESS
February 28, 2004 | From a Times Staff Writer
The cost of funds index for savings institutions in the Federal Home Loan Bank's 11th District edged lower in January to 1.811% from 1.902% in December. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.
BUSINESS
August 30, 2003 | From a Times Staff Writer
The cost of funds index for savings institutions in the Federal Home Loan Bank's 11th District edged lower to 2.018% in July from 2.113% in June. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.
BUSINESS
November 1, 2003 | From a Times Staff Writer
The cost of funds index for savings institutions in the Federal Home Loan Bank's 11th District edged lower to 1.923% in September from 1.946% in August. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.
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