Average mortgage rates and indexes

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Compiled by National Financial News Services

*--* Weekly survey of 60 Southland lenders as of Oct. 3, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.75%/1.53 pt 5.74%/1.54 pt 6.44%/1.52 pt 30-year ARM 3.37%/0.83 pt 3.37%/0.86 pt 4.15%/1.09 pt start rate 15-year fixed 5.15%/1.46 pt 5.24%/1.23 pt 6.10%/1.92 pt Rates for loans of more than $300,700 30-year fixed 6.04%/1.60 pt 6.07%/1.68 pt 6.61%/1.71 pt 30-year ARM 3.58%/0.82 pt 3.58%/0.84 pt 4.37%/1.34 pt start rate 15-year fixed 5.53%/1.32 pt 5.60%/1.41 pt 6.33%/1.80 pt FHA or VA 6.25%/0.33 pt 6.40%/0.76 pt 7.03%/1.22 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 1.660% 1.710% 2.240% 1-year 1.550% 1.680% 2.700% Treasury bill 6-month 1.530% 1.610% 2.090% Treasury bill 6-month CD 1.720% 1.640% 2.180% 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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