Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Oct. 24, 2002

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.99%/1.87 pt 5.90%/1.88 pt 6.43%/2.03 pt 30-year ARM 3.38%/1.00 pt 3.37%/0.88 pt 4.15%/0.90 pt start rate 15-year fixed 5.43%/1.57 pt 5.36%/1.67 pt 5.88%/1.87 pt Rates for loans over $300,700 30-year fixed 6.20%/1.73 pt 6.24%/1.68 pt 6.67%/1.69 pt 30-year ARM 3.58%/0.90 pt 3.58%/0.90 pt 4.33%/1.14 pt start rate 15-year fixed 5.75%/1.66 pt 5.69%/1.55 pt 6.21%/1.61 pt FHA or VA 6.31%/0.79 pt 6.34%/0.70 pt 6.88%/1.47 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 1.710% 1.820% 2.150% 1-year 1.790% 1.590% 2.420% Treasury bill 6-month 1.680% 1.560% 1.910% Treasury bill 6-month CD 1.570% 1.800% 1.810% Prime rate 4.750% 4.750% 4.750% 11th District Aug. ’02 July ’02 Feb. ’02 cost-of-funds 2.763% 2.821% 2.823%

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