Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of March 13, 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 5.25%/1.72 pt 5.34%/1.46 pt 5.82%/1.70 pt 30-year ARM 3.06%/0.92 pt 3.07%/0.95 pt 3.37%/0.96 pt start rate 15-year fixed 4.66%/1.64 pt 4.77%/1.39 pt 5.32%/1.37 pt Rates for loans over $322,700 30-year fixed 5.48%/1.77 pt 5.57%/1.61 pt 6.18%/1.55 pt 30-year ARM 3.21%/0.82 pt 3.23%/0.85 pt 3.60%/0.85 pt start rate 15-year fixed 4.98%/1.61 pt 5.09%/1.39 pt 5.69%/1.46 pt FHA or VA 5.88%/0.68 pt 5.88%/0.68 pt 6.45%/0.85 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 1.260% 1.310% 1.830% 1-year 1.160% 1.220% 1.780% treasury bill 6-month 1.100% 1.180% 1.680% treasury bill 6-month CD 1.180% 1.110% 1.780% 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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