Average Mortgage Rates and Indexes

Compiled by National Financial News Services

*--* Weekly survey of 60 Southland lenders as of Feb. 27, 2003 Latest week One week previous Six months previous Rates for loans up to $322,700 30-year fixed 5.39%/1.61 pt 5.50%/1.45 pt 5.83%/1.70 pt 30-year ARM 2.98%/0.89 pt 2.96%/0.98 pt 3.43%/0.86 pt start rate 15-year fixed 4.84%/1.31 pt 4.90%/1.33 pt 5.35%/1.31 pt Rates for loans over $322,700 30-year fixed 5.64%/1.60 pt 5.73%/1.51 pt 6.19%/1.63 pt 30-year ARM 3.05%/0.80 pt 3.05%/0.80 pt 3.62%/0.89 pt start rate 15-year fixed 5.19%/1.31 pt 5.22%/1.36 pt 5.72%/1.43 pt FHA or VA 6.04%/0.66 pt 6.04%/0.66 pt 6.48%/0.99 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 5.40%/0.00 pt 6.00%/0.00 pt 6-month LIBOR 1.340% 1.340% 1.790% 1-year 1.270% 1.300% 1.800% Treasury bill 6-month 1.200% 1.190% 1.680% Treasury bill 6-month CD 1.260% 1.270% 1.710% Prime rate 4.250% 4.250% 4.750% 11th District Jan. ’03 Dec. ’02 July ’02 cost-of-funds 2.308% 2.375% 2.847%

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