November Cost of Funds Index Drops: The...
From Times Staff and Wire Reports
November Cost of Funds Index Drops: The Federal Home Loan Bank of San Francisco said the 11th District cost of funds index for November is 8.044%, down from 8.050% in October. Changes in interest rates on adjustable-rate mortgage loans 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.
