COFI loan
Definition
US adjustable rate mortgage (ARM) whose interest rate is based on the cost of funds index (COFI) which is a weighted average and fluctuates usually within 0.3 percent above or below the median rate. Also called COFI ARM.
COFI loan is in the Banking, Commerce & Finance and Real Estate & Buildings subjects.
COFI loan appears in the definitions of the following terms: COFI ARM and cost of funds index (COFI)
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