BANKING & FINANCE - June 9, 1993
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From Times Staff and Wire Reports
Key Mortgage Rate Declines: The Federal Home Loan Bank of San Francisco said its 11th District cost of funds, a rate to which many adjustable-rate mortgages are tied, fell to 4.171% in April from 4.245% in March. The rate measures the average cost of funds to the thrifts and other financial institutions in the bank’s 11th District, which covers California, Arizona and Nevada.
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