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Average Mortgage Rates and Indexes

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Compiled by National Financial News Services

*--* Weekly survey of 60 Southland Lenders as of Sept. 26, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.74%/1.54 pt 5.82%/1.41 pt 6.92%/1.64 pt 30-year ARM 3.37%/0.86 pt 3.37%/1.00 pt 4.47%/0.80 pt start rate 15-year fixed 5.24%/1.23 pt 5.32%/1.08 pt 6.42%/1.85 pt Rates for loans over $300,700 30-year fixed 6.07%/1.68 pt 6.17%/1.38 pt 7.07%/1.63 pt 30-year ARM 3.58%/0.84 pt 3.60%/0.85 pt 4.68%/1.09 pt start rate 15-year fixed 5.60%/1.41 pt 5.68%/1.23 pt 6.72%/1.47 pt FHA or VA 6.40%/0.76 pt 6.38%/0.76 pt 7.28%/0.90 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% 1.770% 2.380% 1-year 1.680% 1.730% 2.660% Treasury bill 6-month 1.610% 1.670% 2.130% Treasury bill 6-month CD 1.640% 1.720% 2.290% Prime rate 4.750% 4.750% 4.750% 11th District July ’02 Feb. ’02 cost-of-funds Aug. ’02 2.763% 2.821% 2.823%

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