Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of June 19, 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 5.03%/1.31 pt 4.96%/1.38 pt 5.71%/1.42 pt 30-year ARM 2.74%/0.84 pt 2.78%/0.96 pt 2.99%/0.92 pt start rate 15-year fixed 4.46%/1.34 pt 4.42%/1.26 pt 5.04%/1.69 pt Rates for loans over $322,700 30-year fixed 5.26%/1.29 pt 5.24%/1.34 pt 5.95%/1.41 pt 30-year ARM 2.95%/0.71 pt 2.95%/0.87 pt 3.10%/0.87 pt start rate 15-year fixed 4.80%/1.14 pt 4.77%/1.27 pt 5.31%/1.41 pt FHA or VA 5.59%/0.31 pt 5.65%/0.37 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 1.000% 1.030% 1.420% 1-year 0.950% 0.970% 1.430% Treasury bill 6-month 0.870% 0.930% 1.260% Treasury bill 6-month CD 0.920% 0.930% 1.350% 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%

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