Average Mortgage Rates and Indexes

*--* Weekly survey of 60 Southland lenders as of Aug. 1, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 6.01%/1.84 pt 6.06%/1.77 pt 6.57%/1.77 pt 30-year ARM 3.37%/1.04 pt 3.73%/0.85 pt 5.40%/1.15 pt start rate 15-year fixed 5.43%/1.58 pt 5.49%/1.43 pt 6.09%/1.67 pt Rates for loans over $300,700 30-year fixed 6.31%/1.79 pt 6.32%/1.56 pt 6.90%/1.80 pt 30-year ARM 3.58%/0.95 pt 3.90%/0.95 pt 5.49%/1.14 pt start rate 15-year fixed 5.89%/1.29 pt 5.93%/1.23 pt 6.54%/1.52 pt FHA or VA 6.48%/1.32 pt 6.58%/0.90 pt 7.00%/1.01 pt mortgage Average / points CALVET 30-year 6.00%/0.00 pt 6.50%/0.00 pt 6.50%/0.00 pt 6-month Libor 1.860% 1.890% 2.044% 1-year 1.820% 1.880% 2.250% Treasury bill 6-month 1.690% 1.700% 1.830% Treasury bill 6-month CD 1.680% 1.810% 1.950% Prime rate 4.750% 4.750% 4.750% 11th District May ’02 Nov. ’01 cost-of-funds May ’02 2.772% 2.772% 3.628% Compiled by National Financial News Services

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