Office of Loan Programs
University of California
Office of the President
1111 Franklin St., 6th Floor
Oakland, CA 94607-5201
Mortgage Origination Program Interest Rate: 3.65%
(Effective November 2009 - January 2010)
The Mortgage Origination Program (MOP) provides first deed of trust variable rate loans with up to 40-year terms with an initial rate equal to the most recent four quarter average rate of return of the University's Short-Term Investment Pool (STIP) plus an administrative fee of 0.25% which is included in the rate shown below. STIP was established in fiscal 1976 and is an interest-only cash investment pool in which all University fund groups participate, including current funds earmarked to meet payrolls, operating expenses, and construction at all campuses and teaching hospitals of the University.
Listed below are the MOP rates in effect for the most recent four quarters:
| February 2009 - April 2009 ............................................. | 4.40% | |
| May 2009 - July 2009 ..................................................... | 4.05% | |
| August 2009 - October 2009 ........................................... | 3.90% | |
| November 2009 - January 2010 ...................................... | 3.65% |