ARM Indexes: 11th District Cost of Funds, 2000s
(explanation)
Source: Federal Home Loan Bank of San Francisco
Alias Monthly Weighted Average Cost of Funds Index for Eleventh District Savings Institutions
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
| January |
4.901 |
5.514 |
2.823 |
2.308 |
1.811 |
2.183 |
3.347 |
4.392 |
3.970 |
| February |
4.967 |
5.426 |
2.744 |
2.257 |
1.841 |
2.317 |
3.604 |
4.376 |
3.560 |
| March |
5.002 |
5.198 |
2.653 |
2.210 |
1.815 |
2.400 |
3.624 |
4.299 |
3.280 |
| April |
5.078 |
4.946 |
2.723 |
2.208 |
1.802 |
2.515 |
3.759 |
4.224 |
|
| May |
5.196 |
4.745 |
2.772 |
2.130 |
1.708 |
2.622 |
3.884 |
4.293 |
|
| June |
5.357 |
4.498 |
2.847 |
2.113 |
1.758 |
2.676 |
4.090 |
4.283 |
|
| July |
5.456 |
4.274 |
2.821 |
2.018 |
1.816 |
2.757 |
4.177 |
4.277 |
|
| August |
5.509 |
4.106 |
2.763 |
1.946 |
1.875 |
2.870 |
4.277 |
4.359 |
|
| September |
5.548 |
3.974 |
2.759 |
1.923 |
1.931 |
2.972 |
4.382 |
4.383 |
|
| October |
5.589 |
3.628 |
2.708 |
1.909 |
1.960 |
3.074 |
4.346 |
4.233 |
|
| November |
5.607 |
3.368 |
2.537 |
1.821 |
2.025 |
3.190 |
4.358 |
4.172 |
|
| December |
5.617 |
3.074 |
2.375 |
1.902 |
2.118 |
3.296 |
4.396 |
4.072 |
|
For other decades, click here.
|
The 11th District Cost of Funds index is used primarily for ARMs with
monthly interest rate adjustments. (To verify or compute your ARM's rate,
use our ARM Check Kit.)
The 11th District represents the savings institutions (savings & loan
associations and savings banks) headquartered in Arizona, California and
Nevada. The cost of funds reflects the interest paid by institutions for
savings accounts, FHLB advances, money borrowed from commercial banks, and
other sources.
Since the largest part of a cost of funds index is interest paid on
savings accounts, this index lags market interest rates. As a result, ARMs
tied to this index rise (and fall) more slowly than rates in general.
However, such ARMs often have payment caps, but no month-to-month interest
rate caps.
Please note that the 11th District COF index is a lagging index
. The index value for a particular month is not reported until the
end of the next month. Thus, the 11th COF index for the month of
March is reported on the last business day of April; the October value is
reported on the last business day of November; etc. (The index value is
released after 3 PM Pacific time, or after 6 PM Eastern time.) The table
indicates the release date of future index values.
The latest value of this index is posted in the
Current Indexes table.
| This file not up to date? |
HSH's
Index Update Service delivers over 55 major indexes emailed to you, including Treasuries, RNYs,
daily & monthly LIBOR, COFs, and many more.
Click here! |
|
Go to the full list of
ARM Index Histories.
HSH Associates makes every reasonable effort to supply complete,
accurate information, but assumes no liability for errors. |
|
