Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of April 24, 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 5.36%/1.88 pt 5.40%/1.73 pt 5.99%/1.87 pt 30-year ARM 2.96%/1.01 pt 2.99%/0.93 pt 3.38%/1.00 pt start rate 15-year fixed 4.76%/1.56 pt 4.74%/1.70 pt 5.43%/1.57 pt Rates for loans over $322,700 30-year fixed 5.57%/1.64 pt 5.59%/1.60 pt 6.20%/1.73 pt 30-year ARM 3.12%/0.92 pt 3.17%/0.85 pt 3.58%/0.90 pt start rate 15-year fixed 4.99%/1.69 pt 5.02%/1.63 pt 5.75%/1.66 pt FHA or VA 5.91%/0.59 pt 5.97%/0.50 pt 6.31%/0.79 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 1.270% 1.320% 1.710% 1-year 1.310% 1.250% 1.790% Treasury bill 6-month 1.200% 1.160% 1.680% Treasury bill 6-month CD 1.230% 1.260% 1.570% Prime rate 4.250% 4.250% 4.750% 11th District Feb. ’03 Jan. ’03 Aug. ’02 cost-of-funds 2.257% 2.308% 2.821%

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