A modest month-over-month ascension was enough to push the 11th District weighted-average Cost of Funds Index to the highest level in 9 months.

As of the month of May 2017, COFI was determined to be 0.648 percent — the highest it’s been since it was 0.703 percent in August 2016.

The index was 0.645 percent in the previous month. In the same month during the previous year, COFI was calculated at 0.691 percent.

Source: Mortgage Daily