Real Estate Glossary

The following are some common real estate terms you may run across during the process of buying or selling your home.

Cost of Funds Index

An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It represents the weighted-average cost of savings, borrowings, and advances of the 11th District members of the Federal Home Loan Bank of San Francisco. See adjustable-rate mortgage (ARM).

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