Average Mortgage Rates and Indexes

Compiled by National Financial News Services

Weekly survey of 60 Southland lenders as of Dec. 12, 2002

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Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.74%/1.50 pt 5.86%/1.57 pt 6.31%/1.73 pt 30-year ARM 3.01%/1.08 pt 3.10%/0.87 pt 3.87%/1.16 pt start rate 15-year fixed 5.07%/1.75 pt 5.25%/1.52 pt 6.57%/1.95 pt Rates for loans over $300,700 30-year fixed 5.94%/1.50 pt 6.06%/1.58 pt 6.57%/1.50 pt 30-year ARM 3.12%/0.94 pt 3.15%/0.94 pt 4.15%/1.23 pt start rate 15-year fixed 5.36%/1.44 pt 5.51%/1.52 pt 6.17%/1.17 pt FHA or VA 6.25%/0.66 pt 6.38%/0.33 pt 6.80%/1.10 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 1.420% 1.430% 2.050% 1-year 1.470% 1.530% 2.240% Treasury bill 6-month 1.250% 1.290% 1.850% Treasury bill 6-month CD 1.370% 1.360% 1.890% Prime rate 4.250% 4.250% 4.750% 11th District Oct. ’02 Sept. ’02 Apr. ’02 cost-of-funds 2.708% 2.759% 2.653%

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