Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Oct. 31, 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 5.86%/1.36 pt 5.99%/1.87 pt 6.43%/1.91 pt 30-year ARM 3.38%/1.00 pt 3.38%/1.00 pt 4.04%/1.07 pt start rate 15-year fixed 5.18%/1.64 pt 5.43%/1.57 pt 5.88%/1.92 pt Rates for loans over $300,700 30-year fixed 6.15%/1.71 pt 6.20%/1.73 pt 6.65%/1.70 pt 30-year ARM 3.58%/0.81 pt 3.58%/0.90 pt 4.29%/1.14 pt start rate 15-year fixed 5.55%/1.56 pt 5.75%/1.66 pt 6.24%/1.37 pt FHA or VA 6.22%/0.38 pt 6.31%/0.79 pt 6.90%/0.85 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 1.570% 1.710% 2.120% 1-year 1.510% 1.790% 2.360% Treasury bill 6-month 1.460% 1.680% 1.910% Treasury bill 6-month CD 1.510% 1.570% 1.810% Prime rate 4.750% 4.750% 4.750% 11th District Sep.’02 Aug.’02 Mar.’02 cost-of-funds 2.759% 2.763% 2.744%

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