Thinking of getting a mortgage :: RE: Cost of Funds Index

Author: Jessica
Subject: COFI Rate Index
Posted: Tue Nov 29, 2005 11:01 pm (GMT -8)
Topic Replies: 1

Cost of funds index lags in market interest rate trend in both upward and downward movements. Therefore ARMs tied to this index fall or rise very slowly, which is good foe you if the rates are rising but not good for you if rates are falling. Rates of COFI for the last 10 months are given below.


Period
COFI Rates
Jan 2005
2.183
Feb 2005
2.317
Mar 2005
2.400
Apr 2005
2.515
May 2005
2.622
Jun 2005
2.676
Jul 2005
2.757
Aug 2005
2.870
Sep 2005
2.972
Oct 2005
3.119

For the full story see:
http://www.mortgagefit.com/cofi.html
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