US adjustable rate mortgage (ARM) using an interest rate based on the cost of funds index (COFI). This is the weighted average that fluctuates typically within 0.3 percent above or below the median rate. Known also as COFI ARM.
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US adjustable rate mortgage (ARM) using an interest rate based on the cost of funds index (COFI). This is the weighted average that fluctuates typically within 0.3 percent above or below the median rate. Known also as COFI ARM.
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