11th District Cost of Funds Is Unchanged
- Share via
The 11th District cost of funds--the rate to which many adjustable-rate home mortgage loans are tied--was 4.881% in June, unchanged from the previous month, the Federal Home Loan Bank of San Francisco reported. Before June, the rate had dropped for four straight months. It remains at its lowest level since June 1997, when it was 4.853%. The rate, which tends to lag changes in market interest rates by several months, measures the average cost of funds for thrifts and other financial institutions in the bank’s 11th District, which covers California, Arizona and Nevada.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
