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This loan can be used for a purchase
or a COSI refinance. This unique home loan is based on the most
stable lending index in America, the COSI (cost of savings index).
The Margin is the only variable aspect of this adjustable rate
mortgage. This is why the index so important. The COSI index has
remained low and stable because, it is not
The COSI index represents the
average of interest rates certain banks pay to common customers on
checking, savings and CD accounts. The COSI Index consists mainly
upon yields of bank's CDs in the 11th District. Hence, the PRIME
rate really doesn't affect the Index. These loans are extremely
stable because the Credit Unions and Banks have NOT dramatically
increased the interest rates on what they pay back to the consumer
on checking, savings, money market accounts and
C/D's. The COSI index is published monthly on the 16th of every
month or the closest business day to the 16th.
COSI Index 4.57
COSI - cost of savings index.
Indexes
based on the
fluctuating economy.
Month
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Jan
5.16
4.98
5.04
4.67
4.69
5.54
3.27
2.47
1.85
2.19
3.360
4.730
Feb
4.82
5.15
5.01
5.04
4.63
4.75
5.47
3.15
2.30
1.85
2.28
3.460
4.750
Mar
4.99
5.15
4.99
5.02
4.60
4.78
5.35
3.04
2.25
1.85
2.39
3.560
4.920
Apr
5.14
5.08
4.98
5.02
4.58
4.84
5.21
2.98
2.17
1.85
2.52
3.660
4.790
May
5.27
5.01
5.00
5.03
4.55
4.96
5.47
2.94
2.14
1.85
2.61
3.790
4.760
Jun
5.33
4.97
5.07
5.01
4.52
5.03
5.03
2.92
2.12
1.88
2.70
3.940
4.760
Jul
5.32
4.93
5.10
4.99
4.50
5.11
4.60
2.89
2.06
1.91
2.78
4.110
4.780
Aug
5.30
4.92
5.10
4.95
4.47
5.25
4.39
2.85
2.03
1.94
2.89
4.340
4.790
Sep
5.25
4.92
5.09
4.92
4.48
5.28
4.19
2.81
1.95
1.97
2.97
4.490
4.790
Oct
5.22
4.95
5.08
4.91
4.50
5.37
3.89
2.74
1.87
2.00
3.06
4.600
Nov
5.11
4.96
5.07
4.85
4.56
5.46
3.59
2.63
1.86
2.02
3.140
4.650
Dec
5.18
4.96
5.04
4.79
4.64
5.52
3.39
2.56
1.85
2.08
3.240
4.690