BANKING & FINANCE - Aug. 1, 1995
<i> Times Staff and Wire Reports</i>
Key Mortgage Rate Continues Climbing: The 11th District cost of funds--the rate to which many adjustable-rate home mortgages are tied--edged up to 5.179% in June from 5.141% in May, the Federal Home Loan Bank of San Francisco reported. The rate has been rising steadily in recent months and is now at its highest level in three years. The rate measures the average cost of funds to the thrifts and other financial institutions in the bank’s 11th District, which covers California, Arizona and Nevada.
