Cost of Funds Index Up: The 11th...
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From Times Staff and Wire Reports
Cost of Funds Index Up: The 11th District cost of funds index rose slightly in September, to 8.091% from 8.075% in August. Most adjustable-rate mortgage loans in California are tied to changes in the index. The monthly index reflects interest rates paid by savings institutions in California, Arizona and Nevada on their sources of mortgage money.
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