BANKING & FINANCE - May 1, 1995
<i> Times Staff and Wire Reports</i>
Key Rate Hits 31-Month High: 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--rose to 5.007% in March from 4.925% in February. It was the first time that the rate climbed above 5% since July, 1992, when it stood at 5.069%, the bank said. The 11th district measures the average cost of funds to the thrifts and financial institutions in the bank’s 11th district, which covers California, Arizona and Nevada.
