Average Mortgage Rates and Indexes

Weekly Survey of 60 Southland Lenders as of Dec. 26, 2002

*Reflects new loan limits that took effect Jan. 1, 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 5.66%/1.40 pt 5.71%/1.42 pt 6.21%/1.51 pt 30-year ARM 3.01%/0.83 pt 2.99%/0.92 pt 3.81%/0.94 pt start rate 15-year fixed 5.00%/1.65 pt 5.04%/1.69 pt 5.58%/1.83 pt Rates for loans over $322,700* 30-year fixed 5.89%/1.36 pt 5.95%/1.41 pt 6.43%/1.43 pt 30-year ARM 3.15%/0.76 pt 3.10%/0.87 pt 4.14%/1.00 pt start rate 15-year fixed 5.28%/1.29 pt 5.31%/1.41 pt 5.90%/1.72 pt FHA or VA 6.21%/0.66 pt 6.21%/0.66 pt 6.73%/0.81 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 5.40%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.400% 1.420% 1.970% 1-year 1.430% 1.430% 2.100% Treasury bill 6-month 1.260% 1.260% 1.780% Treasury bill 6-month CD 1.320% 1.350% 1.860% Prime rate 4.250% 4.250% 4.750% 11th District Oct. ’02 Sept. ’02 Apr. ’02 cost-of-funds 2.708% 2.759% 2.653%

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