Mortgage Help   Mortgage Rates Real Estate Credit Foreclosure Tax
	Mortgage Indexes   Mortgage Indexes Constant Maturity Treasury (CMT) - The CMT indices are volatile and move with the market. They reflect the state of the economy, and respond quickly to economic changes.   12-Month Treasury Average (MTA) -It is more steady than the CMT index. The MTA index generally fluctuates slightly more than the COFI, although its movements track each other very closely.   11th District Cost of Funds Index (COFI) -This index rise (and fall) more slowly than rates in general, which is good for you if rates are rising but not good for you if rates are falling.   Certificate of Deposit Index. (CODI) -The 12 month average of the monthly average yields on the nationally published 3-Month Certificate of Deposite rates.   Cost of Savings Index (COSI ) - 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.   London Inter Bank Offering Rates (LIBOR) -LIBOR is an international index, which follows the world economic condition. It allows international investors to match their cost of lending to their cost of funds. The LIBOR compares most closely to the CMT index and is more open to quick and wide fluctuations than the COFI.   Prime Rate -The Prime Rate is the interest rate charged by banks for short-term loans to their most creditworthy customers whose credit standing is so high that little risk to the lender is involved. Only a small percentage of customers qualify for the prime rate, which tends to be the lowest going interest rate and thus serves as a basis for other, higher risk loans.  The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time, although, the prime rate does not adjust on any regular basis. The prime rate is not a very volatile index however it generally rises quickly but declines very slowly.   Fed. Funds Rates -Fed-Funds are borrowed overnight by banks short of cash for banks with surplus cash. Commercial banks loan to one another to meet reserve requirements.   Discount Rate-This is the interest rate charged by the U.S. Federal Reserve, the nation’s central bank, for loans to member banks. The Fed alters rates to increase or decrease the growth of the nation’s economic output OR The interest rate charged by a financial institution for buying a note receivable.