Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of July 10, 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 5.17%/1.71 pt 5.01%/1.84 pt 5.64%/1.57 pt 30-year ARM 2.62%/1.15 pt 2.58%/1.25 pt 2.99%/0.94 pt start rate 15-year fixed 4.53%/1.45 pt 4.49%/1.62 pt 5.10%/1.63 pt Rates for loans over $322,700 30-year fixed 5.44%/1.62 pt 5.24%/1.76 pt 5.80%/1.43 pt 30-year ARM 2.82%/0.95 pt 2.80%/0.98 pt 3.10%/0.87 pt start rate 15-year fixed 4.82%/1.38 pt 4.80%/1.43 pt 5.33%/1.58 pt FHA or VA 5.72%/1.09 pt 5.69%/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 1.110% 1.120% 1.400% 1-year 1.080% 1.020% 1.410% Treasury bill 6-month 0.960% 0.910% 1.250% Treasury bill 6-month CD 1.050% 1.050% 1.320% Prime rate 4.000% 4.000% 4.250% 11th District May ’03 April ’03 Nov. ’02 cost-of-funds 2.130% 2.208% 2.537%

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