Office of Loan Programs
University of California
Office of the President
1111 Franklin St., 6th Floor
Oakland, CA 94607-5201
"Since 1993, the MOP note Rate has been under 7%"
The fixed rate is the U.S. average of conventional 1st home loan mortgages for new home purchases (source: Federal Housing Finance Board).
The ARM rate is the T-Bill rate, defined as the monthly average rate on the U.S. Treasury securities, adjusted to a constant maturity of one year, plus a 2.75% margin. Thereafter, the full index and margin is applied. The ARM rate shown does not reflect any teaser rate.
The MOP note rate is equal to the four quarter average of the rate of return of the University's Short Term Investment Pool plus an administrative fee.