Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of June 12, 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 4.96%/1.38 pt 4.92%/1.61 pt 5.74%/1.50 pt 30-year ARM 2.78%/0.96 pt 2.79%/0.90 pt 3.01%/1.08 pt start rate 15-year fixed 4.42%/1.26 pt 4.40%/1.48 pt 5.07%/1.75 pt Rates for loans over $322,700 30-year fixed 5.24%/1.34 pt 5.26%/1.58 pt 5.94%/1.50 pt 30-year ARM 2.95%/0.87 pt 2.96%/0.81 pt 3.12%/0.94 pt start rate 15-year fixed 4.77%/1.27 pt 4.78%/1.43 pt 5.36%/1.44 pt FHA or VA 5.65%/0.37 pt 5.65%/0.43 pt 6.25%/0.66 pt mortgage Average / points CALVET 30-year 4.50%/0.00 pt 5.40%/0.00 pt 5.40%/0.00 pt 6-month LIBOR 1.030% 1.140% 1.420% 1-year 0.970% 1.080% 1.470% Treasury bill 6-month 0.930% 1.050% 1.250% Treasury bill 6-month CD 0.930% 1.070% 1.370% Prime rate 4.250% 4.250% 4.250% 11th District April ’03 March ’03 Oct. ’02 cost-of-funds 2.208% 2.210% 2.708%

*--*