cost of funds index (COFI) definition

cost of funds index (COFI)

Index of weighted average interest rate paid by US savings institutions (in a particular district) on funds deposited with them or borrowed from other institutions (including the Federal Reserve). It is a market independent and, comparatively, a steady index used mainly for adjustable rate mortgages (ARM). See also COFI loan.

cost of funds index (COFI) is in the Banking, Commerce & Finance and Investing subjects.

cost of funds index (COFI) appears in the definition of the following term: COFI loan

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