Average Mortgage Rates and Indexes

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Compiled by National Financial News Services

*--* Weekly survey of 60 Southland lenders as of Aug. 15, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.92%/1.84 pt 5.97%/1.84 pt 6.47%/1.78 pt 30-year ARM 3.37%/0.96 pt 3.37%/1.08 pt 5.19%/0.97 pt start rate 15-year fixed 5.39%/1.30 pt 5.40%/1.48 pt 6.02%/1.59 pt Rates for loans over $300,700 30-year fixed 6.26%/1.67 pt 6.26%/1.76 pt 6.83%/1.69 pt 30-year ARM 3.58%/0.87 pt 3.58%/0.98 pt 5.45%/1.00 pt start rate 15-year fixed 5.82%/1.15 pt 5.85%/1.39 pt 6.43%/1.42 pt FHA or VA 6.45%/1.05 pt 6.48%/1.21 pt 7.00%/0.45 pt mortgage Average / points CALVET 30-year 6.00%/0.00 pt 6.00%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.740% 1.730% 2.032% 1-year 1.670% 1.670% 2.240% Treasury bill 6-month 1.620% 1.580% 1.820% Treasury bill 6-month CD 1.710% 1.670% 1.940% 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%

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