Average Mortgage Rates and Indexes

Weekly Survey of 60 Southland Lenders as of Jan. 30, 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 5.60%/1.63 pt 5.58%/1.52 pt 6.01%/1.84 pt 30-year ARM 2.98%/0.89 pt 2.99%/0.89 pt 3.37%/1.04 pt start rate 15-year fixed 5.07%/1.63 pt 5.06%/1.58 pt 5.43%/1.58 pt Rates for loans over $322,700 30-year fixed 5.75%/1.58 pt 5.71%/1.50 pt 6.31%/1.79 pt 30-year ARM 3.08%/0.78 pt 3.10%/0.76 pt 3.58%/0.95 pt start rate 15-year fixed 5.31%/1.52 pt 5.29%/1.43 pt 5.89%/1.29 pt FHA or VA 6.25%/0.66 pt 6.21%/0.66 pt 6.48%/1.32 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 1.340% 1.340% 1.860% 1-year 1.320% 1.380% 1.820% Treasury bill 6-month 1.190% 1.230% 1.690% Treasury bill 6-month CD 1.270% 1.260% 1.680% Prime rate 4.250% 4.250% 4.750% 11th District Dec. ’02 Nov. ’02 June ’02 cost-of-funds 2.375% 2.537% 2.772%

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