Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of March 27, 2003

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $322,700 30-year fixed 5.48%/1.76 pt 5.48%/1.76 pt 5.74%/1.54 pt 30-year ARM 3.04%/0.95 pt 3.04%/0.96 pt 3.37%/0.86 pt start rate 15-year fixed 4.84%/1.61 pt 4.83%/1.65 pt 5.24%/1.23 pt Rates for loans over $322,700 30-year fixed 5.75%/1.71 pt 5.68%/1.68 pt 6.07%/1.68 pt 30-year ARM 3.24%/0.89 pt 3.24%/0.87 pt 3.58%/0.84 pt start rate 15-year fixed 5.25%/1.55 pt 5.15%/1.60 pt 5.60%/1.41 pt FHA or VA 6.00%/0.40 pt 6.06%/0.40 pt 6.40%/0.76 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 5.40%/0.00 pt 6.00%/0.00 pt 6-month LIBOR 1.260% 1.280% 1.710% 1-year 1.270% 1.320% 1.680% Treasury bill 6-month 1.180% 1.180% 1.610% Treasury bill 6-month CD 1.170% 1.220% 1.640% Prime rate 4.250% 4.250% 4.750% 11th District Feb. ’03 Jan. ’03 Aug. ’02 cost-of-funds 2.257% 2.308% 2.821%

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