Average Mortgage Rates and Indexes

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Compiled by National Financial News Services

*--* Weekly survey of 60 Southland lenders as of Sept. 12, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.82%/1.70 pt 5.81%/1.44 pt 6.69%/2.00 pt 30-year ARM 3.37%/0.96 pt 3.38%/0.94 pt 5.33%/1.12 pt start rate 15-year fixed 5.32%/1.37 pt 5.29%/1.27 pt 6.19%/2.03 pt Rates for loans over $300,700 30-year fixed 6.18%/1.55 pt 6.14%/1.64 pt 6.94%/1.03 pt 30-year ARM 3.60%/0.85 pt 3.62%/0.81 pt 5.38%/1.16 pt start rate 15-year fixed 5.69%/1.46 pt 5.68%/1.50 pt 6.55%/1.24 pt FHA or VA 6.45%/0.85 pt 6.40%/0.78 pt 7.08%/1.54 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 1.830% 1.790% 2.280% 1-year 1.780% 1.800% 2.580% Treasury bill 6-month 1.680% 1.680% 2.010% Treasury bill 6-month CD 1.780% 1.770% 2.160% Prime rate 4.750% 4.750% 4.750% 11th District June ’02 Jan. ’02 cost-of-funds July ’02 2.821% 2.847% 3.074%

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