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Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

ARM Indexes: Federal Cost of Funds

Monthly ARM Indexes: Federal Cost of Funds, 1985-present

The Federal Cost of Funds Index (Fed COFI) is used as a benchmark for some types of mortgage loans and securities. It is calculated as the sum of the monthly average interest rates for marketable Treasury bills and for marketable Treasury notes, divided by two, and rounded to three decimal places.

Freddie Mac doesn't define exactly which "marketable Treasury bills and marketable Treasury notes" are included in its calculations, or whether or not they follow a calendar month, utilize weighted averages or other information.

The Federal COFI is made available by Freddie Mac on or about the 20th day of each month. Freddie Mac first began publicly providing the Federal COFI in March, 1991; values are calculated for earlier years to illustrate what the index values would have been for those periods and are provided for research purposes only. The Federal COFI is not adjusted to reflect subsequent changes in the underlying Treasury rates once the value has been posted.

According to the Office of the Comptroller of the Currency (OCC), the Federal Cost of Funds can be used as a replacement for the discontinued Monthly Median Annualized Cost of Funds formerly published by the Office of Thrift Supervision (OTS).

L O A D I N G

ARM Indexes: Federal Cost of Funds from October 2021 to October 2022

Date Federal Cost of Funds
Oct-2022 2.27800
Sep-2022 2.02200
Aug-2022 1.76200
Jul-2022 1.50800
Jun-2022 1.28300
May-2022 1.09600
Apr-2022 0.96300
Mar-2022 0.87000
Feb-2022 0.79100
Jan-2022 0.75000
Dec-2021 0.73600
Nov-2021 0.73800
Oct-2021 0.74900

3-Month TCM
6-Month TCM
1-Year TCM

More ARM Indexes & Info

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