Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of June 26, 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 5.02%/1.90 pt 5.03%/1.31 pt 5.66%/1.40 pt 30-year ARM 2.58%/1.26 pt 2.74%/0.84 pt 3.01%/0.83 pt start rate 15-year fixed 4.44%/1.81 pt 4.46%/1.34 pt 5.00%/1.65 pt Rates for loans over $322,700 30-year fixed 5.42%/1.47 pt 5.26%/1.29 pt 5.89%/1.36 pt 30-year ARM 2.80%/0.98 pt 2.95%/0.71 pt 3.15%/0.76 pt start rate 15-year fixed 4.83%/1.38 pt 4.80%/1.14 pt 5.28%/1.29 pt FHA or VA 5.56%/0.31 pt 5.59%/0.31 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% 1.000% 1.400% 1-year 1.020% 0.950% 1.430% Treasury bill 6-month 0.910% 0.870% 1.260% Treasury bill 6-month CD 1.050% 0.920% 1.320% Prime rate 4.250% 4.250% 4.250% 11th District May ’03 Apr. ’03 Nov. ’02 cost-of-funds 2.130% 2.208% 2.537%

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