One way to determine changing interest rates on some adjustable-rate mortgages. It is an annual average of the rate that banks pay on certificates of deposit.
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The 12-month average of the most recently published dealer bid rates (yields) on nationally traded three-month certificates of deposit as reported in the H.15 ...
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- What is certificate of deposit index (CODI)? definition and meaning
Definition of certificate of deposit index (CODI): One way to determine changing interest rates on some adjustable-rate mortgages. It is an annual average of the ...