Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Jan. 9, 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 5.64%/1.57 pt 5.64%/1.53 pt 6.15%/1.67 pt 30-year ARM 2.99%/0.94 pt 3.03%/0.76 pt 3.69%/0.85 pt start rate 15-year fixed 5.10%/1.63 pt 4.97%/1.69 pt 5.57%/1.70 pt Rates for loans over $322,700 30-year fixed 5.80%/1.43 pt 5.84%/1.53 pt 6.46%/1.22 pt 30-year ARM 3.10%/0.87 pt 3.17%/0.75 pt 3.96%/0.92 pt start rate 15-year fixed 5.33%/1.58 pt 5.24%/1.48 pt 6.01%/1.14 pt FHA or VA 6.21%/0.66 pt 6.17%/0.66 pt 6.73%/0.88 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% 1.400% 1.930% 1-year 1.410% 1.410% 2.000% Treasury bill 6-month 1.250% 1.260% 1.750% Treasury bill 6-month CD 1.320% 1.330% 1.850% Prime rate 4.250% 4.250% 4.750% 11th District Nov. ’02 Oct. ’02 May ’02 cost-of-funds 2.537% 2.708% 2.723%

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