Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of Oct. 10, 2002

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Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.69%/1.63 pt 5.75%/1.53 pt 6.47%/1.97 pt 30-year ARM 3.35%/0.96 pt 3.37%/0.83 pt 4.15%/1.09 pt start rate 15-year fixed 5.14%/1.53 pt 5.15%/1.46 pt 6.07%/1.99 pt Rates for loans over $300,700 30-year fixed 6.00%/1.49 pt 6.04%/1.60 pt 6.60%/1.83 pt 30-year ARM 3.58%/0.82 pt 3.58%/0.82 pt 4.37%/1.34 pt start rate 15-year fixed 5.50%/1.16 pt 5.53%/1.32 pt 6.38%/1.62 pt FHA or VA 6.16%/0.38 pt 6.25%/0.33 pt 7.05%/1.20 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 1.720% 1.660% 2.200% 1-year 1.590% 1.550% 2.530% Treasury bill 6-month 1.560% 1.530% 1.990% Treasury bill 6-month CD 1.750% 1.720% 2.130% Prime rate 4.750% 4.750% 4.750% 11th District Aug.’02 Jul.’02 Feb.’02 cost-of-funds 2.763% 2.821% 2.823%

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