Real Estate Glossary - Cost of Funds Index (COFI)
Top : Real Estate Glossary - Cost of Funds Index (COFI)
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One of the indexes that is used to determine interest rate changes for certain adjustable-rate mortgages. It represents the weighted-average cost of savings, borrowings, and advances of the financial institutions such as banks and savings and loans, in the 11th District of the Federal Home Loan Bank. |