Average Mortgage Rates and Indexes

Weekly Survey of 60 Southland Lenders as of July 24, 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 5.52%/1.77 pt 5.30%/1.65 pt 5.58%/1.52 pt 30-year ARM 2.68%/1.12 pt 2.62%/1.12 pt 2.99%/0.89 pt start rate 15-year fixed 4.91%/1.67 pt 4.72%/1.37 pt 5.06%/1.58 pt Rates for loans over $322,700 30-year fixed 5.80%/1.65 pt 5.57%/1.55 pt 5.71%/1.50 pt 30-year ARM 2.87%/0.98 pt 2.82%/0.95 pt 3.10%/0.76 pt start rate 15-year fixed 5.19%/1.54 pt 4.98%/1.45 pt 5.29%/1.43 pt FHA or VA 5.94%/1.21 pt 5.75%/1.09 pt 6.21%/0.66 pt mortgage Average / points CALVET 30-year 4.50%/0.00 pt 4.50%/0.00 pt 5.40%/0.00 pt 6-month LIBOR 1.120% 1.120% 1.340% 1-year 1.130% 1.100% 1.380% Treasury bill 6-month 0.980% 0.960% 1.230% Treasury bill 6-month CD 1.080% 1.070% 1.260% Prime rate 4.000% 4.000% 4.250% 11th District May.’03 Apr.’03 Nov.’02 cost-of-funds 2.130% 2.208% 2.537%

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