Following two months in a row of record lows, the Cost of Funds Index reversed course and turned higher.
The 11th District COFI, which is used as an index on some adjustable-rate mortgages, landed at 0.671 percent in October.
That was higher than 0.663 percent previously reported for September — when the index established an all-time low for the second consecutive month.
COFI, which is reported by the Federal Home Loan Bank of San Francisco based on the cost of money for its member banks, was 0.963 percent in October 2013.
Average total funds used in October 2014’s calculation were $15.6 billion.
A far more widely used ARMÂ index, the yield on the one-year Treasury note, was 0.11 percent at the end of October, according to the Department of the Treasury.
The one-year Treasury yield slipped from 0.13 percent at the end of September.
But the one-year yield returned to 0.13 percent as of the end of November.
ARMÂ share was 11.4 percent in the U.S. Mortgage Market Index report from LoanSifter/Optimal Blue and Mortgage Daily for the week ended Nov. 28.
ARMÂ share increased from 11.1 percent a week earlier and 3.9 percent a year earlier.