AVERAGE RATES FOR RESIDENTIAL MORTGAGES

Average rates for residential mortgages as of Aug. 31, 1990.

Survey Conventional Mortgages Adjustable Mortgages Area 15 Year 30 Year Composite 1 Year Composite National 9.98% 10.30% 10.16% 8.23% 8.52% California 10.26 10.55 10.41 8.31 8.32 Connecticut 10.04 10.33 10.21 8.33 8.54 Wash. D.C. 9.87 10.22 10.06 7.96 8.31 Florida 9.98 10.32 10.16 8.21 8.37 Mass. 10.09 10.41 10.27 8.36 8.60 New Jersey 9.95 10.26 10.12 8.15 8.58 N.Y. Metro 10.04 10.35 10.21 8.29 8.63 New York 10.14 10.46 10.32 8.40 8.70 N.Y. Co-ops 10.42 10.67 10.58 8.56 8.87 Pa. 9.74 10.08 9.92 7.90 8.02 Texas 9.73 10.04 9.89 8.22 8.35

SOURCE: HSH Associates, Butler, N.J.