The 11th District Cost of Funds Index (11th District COFI) is an index that reflects the cost of S&Ls in California, Nevada, and Arizona to borrow money.
The attraction of the 11th District COFI is that it tends to move up and down slowly — which means that extreme highs and lows may be avoided. Conversely, it may take awhile for the index to come down when rates fall.
Oh, and yes, this type of loan is pronounced 11th District Coffee
For the latest 11th District rates, press here.