BANKING & FINANCE - Dec. 30, 1995

Key Mortgage Rate Rises: The 11th District cost of funds index--the rate to which many adjustable-rate home mortgages are tied--edged up slightly in November, to 5.119% from 5.116% in October, the Federal Home Loan Bank of San Francisco reported. The rate, which tends to lag current market interest rates by several months, had been dropping steadily from July through September after rising for 15 consecutive months. October’s rate was up from September’s 5.111%. 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.