Cost Of Savings Index - COSI Index
GDW computes the COSI on the last day of each calendar month and announces it on or near the last business day prior to the fifteenth day of the following calendar month.
The COSI index is a stable index. Historically, it is not as volatile as some other popular mortgage indexes, such as the one-month LIBOR index. It also tends to lag other mortgage indexes when it comes to adjusting to changes in interest rates.
Investment dictionary. Academic. 2012.
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