COFITurns Higher - Though it had nearly fallen to a new low a - TopicsExpress

COFITurns Higher - Though it had nearly fallen to a new low a month earlier, the Cost of Funds Index crept higher. A much more popular adjustable-rate index, however, tumbled.The August index value for COFI, which is based on the interest expenses of 11th District Federal Home Loan Bank members, came in ever so slightly higher than in the prior month.However, the index -- which is utilized to determine rate and payment adjustments for some adjustable-rate mortgages -- m... ow.ly/2Akzlk

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