BANKING & FINANCE - July 31, 1993
From Times Staff and Wire Reports
Key Mortgage Rate Falls Again: The Federal Home Loan Bank of San Francisco said the 11th District cost of funds, the rate to which many adjustable-rate home mortgages are tied, fell to 4.050% in June from 4.103% in May. The rate--which stood above 5% a year ago--measures the average cost of funds to thrifts and other financial institutions in the bank’s 11th District, which covers California, Arizona and Nevada.
