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COFI Defies Mortgage Rates

#1 (permalink)

08-01-2008, 02:51 AM

Veronica Corningstone Veronica Corningstone is offline

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COFI Defies Mortgage Rates

The cost of funds index was 2.8 percent during June, the Federal Home Loan Bank of San Francisco announced. The index fell from May and from June 2007. COFI has fallen each of the last nine months and has not been this low since July 2005.

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