Bill Meyers, Mortgage Loan Consultant                                                                Phone 239-566-8484 or toll free 877-994-9589
Marco Island FL 34145
    
              
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11th District Cost of Funds Index   

This index is probably the slowest moving of the adjustable rate mortgage indexes.  Based on the cost of money to savings banks in California, Arizona and Nevada it is not as commonly used as in the past but you can still obtain mortgage loans based on this slow moving index. Is it time to refinance my option ARM?            

11th District Cost of Funds Index   The monthly weighted average cost of deposits and borrowings for savings institutions in the Federal Home Loan Bank's 11th district, as made available by the Federal Home Loan Bank of San Francisco.
 19951996199719981999200020012002200320042005 2006 2007 2008
January4.37%5.12%4.84%4.95%4.69%4.77%5.61%3.37%2.54%1.82%2.03%3.19% 4.36% 4.17%
February4.59%5.06%4.84%4.96%4.66%4.85%5.62%3.07%2.71%1.90%2.12%3.30% 4.40% 4.07%
March4.75%5.03%4.82%4.99%4.61%4.90%5.51%2.82%2.31%1.81%2.18%3.35% 4.39% 3.97%
April4.93%4.98%4.76%4.97%4.56%4.97%5.43%2.74%2.26%1.84%2.32%3.60% 4.38% 3.56%
May5.01%4.87%4.78%4.92%4.52%5.00%5.20%2.65%2.21%1.82%2.40%3.62% 4.30% 3.28%
June5.06%4.84%4.82%4.90%4.49%5.08%4.95%2.72%2.21%1.80%2.52%3.76% 4.22%  
July5.14%4.82%4.86%4.88%4.48%5.20%4.75%2.77%2.13%1.71%2.62%3.88% 4.29%  
August5.18%4.81%4.85%4.88%4.50%5.36%4.50%2.85%2.11%1.76%2.68%4.09% 4.28%  
September5.14%4.82%4.89%4.91%4.50%5.46%4.27%2.82%2.02%1.82%2.76%4.18% 4.28%  
October5.13%4.84%4.90%4.90%4.56%5.51%4.11%2.76%1.95%1.88%2.87%4.28% 4.36%  
November5.11%4.83%4.94%4.88%4.61%5.55%3.97%2.76%1.92%1.93%2.97%4.38% 4.38%  
December5.12%4.84%4.96%4.76%4.67%5.59%3.63%2.71%1.91%1.96%3.07 4.35% 4.23%  
Annual average4.96%4.91%4.86%4.91%4.57%5.19%4.80%2.84%2.19%1.84%2.55% 3.83% 4.32%  
               

 

 


Questions?  Call Bill Meyers toll free at  877-994-9589 or 239-566-8484 or e-mail bill@marcoislandmortgage.com

This website is not a solicitation for mortgage brokers
Rates vary with geographic location, lender, transaction type, credit scores and other factors
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market conditions
Expressed interest rate may change or be unavailable at commitment or closing
Most rates based on primary residence, purchase transaction
Cash out refinance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional information on underwriting requirements
and program limitations.  Guidelines and rates posted here are general in nature and subject to change without notice. 
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
All information published on this web site is believed to be accurate but cannot be guaranteed, errors may occur
This site has been built and is maintained by Bill Meyers

Bill Meyers is employed as a  mortgage loan consultant for one of the nation's largest residential lenders.  Bill works as an employee and not a mortgage broker.  This is Bill's personal web site and not the official web site of  any bank or mortgage company.  Please consider all information posted on this site to be general in nature and representative of mortgage rates and policies that may be available from various sources.  Bill is located on Marco Island Florida.  Bill can be reached on his cell phone at (239)566-8484


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