Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Dec. 5, 2002

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Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.86%/1.57 pt 5.88%/1.55 pt 6.38%/1.79 pt 30-year ARM 3.10%/0.87 pt 3.19%/0.89 pt 3.98%/1.33 pt start rate 15-year fixed 5.25%/1.52 pt 5.33%/1.63 pt 5.83%/1.68 pt Rates for loans over $300,700 30-year fixed 6.06%/1.58 pt 6.05%/1.62 pt 6.61%/1.64 pt 30-year ARM 3.15%/0.94 pt 3.23%/0.98 pt 4.15%/1.30 pt start rate 15-year fixed 5.51%/1.52 pt 5.53%/1.48 pt 6.19%/1.38 pt FHA or VA 6.38%/0.33 pt 6.38%/0.33 pt 6.80%/1.22 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 5.40%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.430% 1.470% 2.080% 1-year 1.530% 1.510% 2.320% Treasury bill 6-month 1.290% 1.250% 1.900% Treasury bill 6-month CD 1.360% 1.390% 1.980% Prime rate 4.250% 4.250% 4.750% 11th District Oct. ’02 Sept. ’02 April ’02 cost-of-funds 2.708% 2.759% 2.653%

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