BANKING & FINANCE - July 30, 1994
From Times Staff and Wire Reports
Key Mortgage Rate Keeps Climbing: The Federal Home Loan Bank of San Francisco said the 11th District cost of funds rate, the figure to which many adjustable-rate mortgages are tied, climbed to 3.804% in June from 3.726% in May. It was the third straight monthly increase in the rate after a steady decline during the previous 3 1/2 years.
