Definition
The 11th District Cost of Funds Index (COFI) is a monthly weighted average of the interest rates paid on checking and savings accounts offered by financial institutions operating in Arizona, California, and Nevada. It is one of many indices used by mortgage lenders to adjust the interest rate on adjustable rate mortgages (ARM) and was launched in 1981. With an ARM mortgage, the interest rate on a
In Panel Profits
In the Panel Profits market platform, 11th District Cost of Funds Index: What It is, How It Works applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.