Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Nov. 7, 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 5.75%/1.65 pt 5.86%/1.36 pt 6.44%/1.92 pt 30-year ARM 3.17%/1.00 pt 3.38%/1.00 pt 3.97%/1.19 pt start rate 15-year fixed 5.08%/1.61 pt 5.18%/1.64 pt 5.92%/1.81 pt Rates for loans over $300,700 30-year fixed 6.05%/1.40 pt 6.15%/1.71 pt 6.69%/1.53 pt 30-year ARM 3.37%/0.79 pt 3.58%/0.81 pt 4.26%/1.23 pt start rate 15-year fixed 5.44%/1.38 pt 5.55%/1.56 pt 6.28%/1.31 pt FHA or VA 6.19%/0.37 pt 6.22%/0.38 pt 6.80%/1.33 pt mortgage Average / points CALVET 30-year 6.00%/0.00pt 6.00%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.400% 1.570% 2.070% 1-year 1.460% 1.510% 2.310% Treasury bill 6-month 1.330% 1.460% 1.890% Treasury bill 6-month CD 1.350% 1.510% 1.810% Prime rate 4.250% 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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