Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of July 31, 2003

Compiled by National Financial News Services

*--* Latest week Six months previous One week previous Rates for loans up to $322,700 30-year fixed 5.73%/1.73 pt 5.52%/1.77 pt 5.60%/1.63 pt 30-year ARM 2.68%/1.07 pt 2.68%/1.12 pt 2.98%/0.89 pt start rate 15-year fixed 5.06%/1.72 pt 4.91%/1.67 pt 5.07%/1.63 pt Rates for loans over $322,700 30-year fixed 5.90%/1.59 pt 5.80%/1.65 pt 5.75%/1.58 pt 30-year ARM 2.87%/0.98 pt 2.87%/0.98 pt 3.08%/0.78 pt start rate 15-year fixed 5.30%/1.51 pt 5.19%/1.54 pt 5.31%/1.52 pt FHA or VA 6.03%/1.21 pt 5.94%/1.21 pt mortgage Average / points 6.25%/0.66 pt CALVET 30-year 4.50%/0.00 pt 4.50%/0.00 pt 5.40%/0.00 pt 6-month LIBOR 1.150% 1.120% 1.340% 1-year 1.220% 1.130% 1.320% Treasury bill 6-month 1.020% 0.980% 1.190% Treasury bill 6-month CD 1.100% 1.080% 1.270% Prime rate 4.000% 4.000% 4.250% 11th District June ’03 May ’03 Dec. ’02 cost-of-funds 2.113% 2.130% 2.375%

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