|COFI Falls Further
Index at lowest level since 1994
November 1, 2001
By MortgageDaily.com Staff
The Federal Home Loan Bank of San Francisco announced that the Monthly Weighted Average Cost of Funds Index (COFI) fell to 3.974%, down 13 basis points (BPS) from August. This is the eighth consecutive month that the COFI has declined.
This is the lowest that the COFI has been since August, 1994.