What's the 'Current' Index?

Knowing the actual date your ARM index is released to the public each month (index announcement date) is essential to finding the correct index value when using our historical data.

It's equally important to know the exact number of days prior to your interest rate change date used by your lender to determine the date on which the most current index value is selected. This number may vary from lender to lender.

For example, if your interest rate changed on Monday, May 11, 2006, and your lender used the most recent index figure available as of the date 15 days prior to each scheduled interest rate change date, the 'current index' would be the most recent index figure available as of Wednesday, April 26, 2006.

If your loan was tied to the COFI then the most recent index value available as of Wednesday, April 26, 2006 would be the February COFI (the March COFI was only announced on April 28, 2006).

In our example, although released almost 1.5 months ago, the 'current index' as of May 11 is the February(!) COFI.

  Index Announcement Dates

COFI

The 11th District Cost of Funds Index (EDCOFI) for a given month is generally announced at or after 3 PM on the last business day of the following calendar month by the Federal Home Loan Bank of San Francisco.

The most recent index value was announced on 4/30/2015. The next value will be announced on 5/31/2015.

The Federal Cost of Funds Index (COFI) for a given month is announced on or about the 20th day of the following calendar month by the Federal Home Loan Mortgage Corporation (a.k.a. Freddie Mac).

The most recent index value was announced on 5/1/2015.

The National Monthly Median Cost of Funds Index (COFI) for a given month was announced on or about the 15th day of the next following calendar month by the Office of Thrift Supervision (OTS), and the Office of the Comptroller of the Currency (OCC).

Reporting discontinued, as of Feb 2012. The most recent index value was announced on 2/15/2012.

COSI

The Cost of Savings Index (COSI) for a given month is announced on or near the last business day prior to the 15th day of the following calendar month by World Savings.

The most recent index value was announced on 5/15/2015.

NACMR

The National Average Contract Mortgage Rate (NACMR) for a given month is usually announced by the end of the following calendar month by the Federal Housing Finance Board.

The most recent index value was announced on 4/28/2015. The next value will be announced on 5/28/2015.

LIBOR

The Fannie Mae monthly LIBOR has been discontinued. The monthly Mortgage-X LIBOR (London Interbank Offered Rate) index for a given month is announced by Mortgage-X on the 1st day of the following calendar month.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

The BBA LIBOR rates are compiled by the British Bankers' Association daily and released to the market shortly after 11.00 AM London Time each day.

The WSJ LIBOR* rates are published by the Wall Street Journal each day as part of their 'Money Rates' table.

* The Wall Street Journal publishes yesterday's BBA LIBOR.

CMT

The Monthly Constant Maturity Treasury (CMT) indexes for a given month are announced on the first Monday of the following month by the Federal Reserve Board.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

The Weekly CMT indexes are released on Monday afternoon* for the previous week by the Federal Reserve Board. The figures reflect week-ending dates (previous Friday).

* The Weekly Average Yields are also published on our website (usually no later than 8:00 PM Eastern Time) each Friday.

The Daily CMT rates (histories) are usually published on our website by 7:30 PM (Eastern Time) each business day.

MTA

The 12-Month Treasury Average (MTA) Index, also known as the 12-Month Moving Average Treasury (MAT) Index is calculated by Mortgage-X monthly at 7:00 PM on the last business day of the month using the reported Treasury Yield Curve Rates and is usually published on our website by the first business day of the following month*.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

* Mortgage-X makes every reasonable effort to make these values available on our website by the first business day of the following month, but assumes no liability for errors, omissions or delays.

CODI

The Certificate of Deposit Index (CODI) is calculated by Mortgage-X using the H.15 Federal Reserve Statistical Release data and is usually published on our website on the first Monday of the following month.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

T-Bills (Auction High)

The Monthly Treasury Bill (T-Bill) Indexes (Auction High) for a given month are calculated by Mortgage-X using the reported Treasury Bill yields and are usually published on our website on the first Monday of the following month.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

The Weekly Treasury Bill (T-Bill) Indexes (Auction High) are usually published on our website on Tuesday for the previous week. The figures reflect week-ending dates (previous Friday).

T-Bills (Secondary Market)

The Monthly Treasury Bill (T-Bill) Indexes (Secondary Market) for a given month are announced on the first Monday of the following month by the Federal Reserve Board.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

The Weekly Treasury Bill (T-Bill) Indexes (Secondary Market) are released on Monday afternoon for the previous week by the Federal Reserve Board. The figures reflect week-ending dates (previous Friday).

CD

The Monthly Certificate of Deposit (CD) Indexes (Secondary Market) for a given month are announced on the first Monday of the following month by the Federal Reserve Board.

The most recent index value was announced on 5/1/2015. The next value will be announced on 6/1/2015.

The Weekly Certificate of Deposit (CD) Indexes (Secondary Market) are released on Monday afternoon for the previous week by the Federal Reserve Board. The figures reflect week-ending dates (previous Friday).

Historical Data: Mortgage-X compiles historical values for the indexes which are widely used on adjustable rate mortgages (ARMs).

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