11th District Cost of Funds Index
The Federal Home Loan Bank of San Francisco first published the 11th District Monthly Weighted Average Cost of Funds Index on August 28, 1981, for the month of July 1981.The COFI index is based on the cost of funds reported by savings and loan institutions that are members of the 11th district (Federal Home Loan Bank of San Francisco).
Savings and loans received about 1/2 of their funds from savings account depositors and 1/2 from overnight Federal Reserve loans. Out of all of the indexes that Option ARMs can be tied to, the COFI index is the most dampened and therefor the best choice. As you can see from the chart link at the bottom of this page it is the least volital. Lender's will tempt you to go with another index by offering a better fully indexed rate or not offering the COFI.
COFI for February 2008 = 3.560%
For a chart showing the COFI index vs MTA index, click the link at the bottom of the page.
History:
|
11th District Cost of Funds Index |
12 Month Treasury Average |
| Feb 2008 |
3.560% |
4.076% |
| |
3.970% |
4.326% |
| |
4.072% |
4.523% |
| |
4.172% |
4.662% |
| |
4.233% |
4.788% |
| |
4.383% |
4.863% |
| |
4.359% |
4.933% |
| Jul 2007 |
4.277% |
4.983% |
| |
4.283% |
5.005% |
| |
4.293% |
5.022% |
| |
4.224% |
5.029% |
| |
4.299% |
5.027% |
| |
4.376% |
5.014% |
| Jan 2007 |
4.392% |
4.983% |
|
4.396% |
4.933% |
|
4.358% |
4.883% |
|
4.346% |
4.827% |
|
4.382% |
4.758% |
|
4.277% |
4.664% |
| Jul 2006 |
4.177% |
4.563% |
|
4.090% |
4.432% |
|
3.884% |
4.282% |
|
3.759% |
4.143% |
|
3.624% |
4.011% |
|
3.604% |
3.888% |
| Jan 2006 |
3.347% |
3.751% |
|
3.296% |
3.618% |
|
3.190% |
3.478% |
|
3.074% |
3.326% |
|
2.972% |
3.163% |
|
2.870% |
3.019% |
| Jul 2005 |
2.757% |
2.865% |
|
2.676% |
2.737% |
|
2.622% |
2.633% |
|
2.515% |
2.504% |
|
2.400% |
2.347% |
|
2.317% |
2.171% |
| Jan 2005 |
2.183% |
2.022% |
|
2.118% |
1.887% |
|
2.025% |
1.773% |
|
1.960% |
1.677% |
|
1.931% |
1.595% |
|
1.875% |
1.522% |
| Jul 2004 |
1.816% |
1.463% |
|
1.758% |
1.381% |
|
1.708% |
1.288% |
|
1.802% |
1.238% |
|
1.815% |
1.225% |
|
1.841% |
1.229% |
| Jan 2004 |
1.811% |
1.234% |
|
1.902% |
1.244% |
|
1.821% |
1.256% |
|
1.909% |
1.268% |
|
1.923% |
1.302% |
|
1.946% |
1.342% |
| Jul 2003 |
2.018% |
1.379% |
|
2.113% |
1.449% |
|
2.130% |
1.548% |
|
2.208% |
1.646% |
|
2.210% |
1.747% |
|
2.257% |
1.858% |
| Jan 2003 |
2.308% |
1.935% |
|
2.375% |
2.002% |
|
2.537% |
2.066% |
|
2.708% |
2.123% |
|
2.759% |
2.180% |
|
2.763% |
2.272% |
| Jul 2002 |
2.821% |
2.414% |
|
2.847% |
2.553% |
|
2.772% |
2.668% |
|
2.723% |
2.787% |
|
2.653% |
2.912% |
|
2.744% |
3.056% |
| Jan 2002 |
2.823% |
3.260% |
|
3.074% |
3.481% |
|
3.368% |
3.763% |
|
3.628% |
4.088% |
|
3.974% |
4.395% |
|
4.106% |
4.671% |
| Jul 2001 |
4.274% |
4.897% |
|
4.498% |
5.102% |
|
4.745% |
5.318% |
|
4.946% |
5.530% |
|
5.198% |
5.711% |
|
5.426% |
5.871% |
| Jan 2001 |
5.514% |
5.999% |
|
5.617% |
6.108% |
|
5.607% |
6.128% |
|
5.589% |
6.083% |
|
5.548% |
6.035% |
|
5.509% |
5.962% |
| Jul 2000 |
5.456% |
5.880% |
|
5.357% |
5.793% |
|
5.196% |
5.703% |
|
5.078% |
5.580% |
|
5.002% |
5.458% |
|
4.967% |
5.338% |
| Jan 2000 |
4.901% |
5.212% |
|
4.852% |
5.078% |
|
4.773% |
4.968% |
|
4.666% |
4.883% |
|
4.608% |
4.773% |
|
4.562% |
4.728% |
| Jul 1999 |
4.500% |
4.729% |
|
4.504% |
4.757% |
|
4.480% |
4.783% |
|
4.490% |
4.832% |
|
4.519% |
4.889% |
|
4.562% |
4.940% |
| Jan 1999 |
4.608% |
4.991% |
|
4.655% |
5.052% |
|
4.691% |
5.136% |
|
4.762% |
5.213% |
|
4.882% |
5.325% |
|
4.899% |
5.393% |
| Jul 1998 |
4.911% |
5.422% |
|
4.881% |
5.437% |
|
4.881% |
5.460% |
|
4.903% |
5.496% |
|
4.917% |
5.547% |
|
4.968% |
5.581% |
| Jan 1998 |
4.987% |
5.599% |
|
4.963% |
5.630% |
|
4.949% |
5.625% |
|
4.957% |
5.623% |
|
4.941% |
5.629% |
|
4.904% |
5.655% |
| Jul 1997 |
4.887% |
5.664% |
|
4.853% |
5.690% |
|
4.864% |
5.700% |
|
4.822% |
5.681% |
| |
4.780% |
5.643% |
| |
4.759% |
5.605% |
| Jan 1997 |
4.821% |
5.556% |
For a chart showing the COFI, click the link below: Please allow 45 seconds for it to load.
LenderHomePage.com