Average Mortgage Rates and Indexes

Weekly Survey of 60 Southland Lenders as of Oct. 23, 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 5.55%/1.80 pt. 5.56%/1.90 pt. 5.36%/1.88 pt. 30-year ARM 2.79%/1.02 pt. 2.68%/1.04 pt. 2.96%/1.01 pt. start rate 15-year fixed 4.85%/1.84 pt. 4.86%/1.85 pt. 4.76%/1.56 pt. Rates for loans over $322,700 30-year fixed 5.90%/1.79 pt. 5.92%/1.68 pt. 5.57%/1.64 pt. 30-year ARM 2.89%/0.90 pt. 2.78%/0.93 pt. 3.12%/0.92 pt. start rate 15-year fixed 5.21%/1.83 pt. 5.27%/1.64 pt. 4.99%/1.69 pt. FHA or VA 6.06%/1.03 pt. 6.22%/0.46 pt. 5.91%/0.59 pt. mortgage Average / points CALVET 30-year 4.99%/0.00 pt. 4.99%/0.00 pt. 5.40%/0.00 pt. 6-month LIBOR 1.230% 1.240% 1.270% 1-year 1.300% 1.200% 1.310% Treasury bill 6-month 1.030% 1.000% 1.200% Treasury bill 6-month CD 1.160% 1.120% 1.230% Prime rate 4.000% 4.000% 4.250% 11th District Aug. ’03 Jul. ’03 Feb. ’03 cost-of-funds

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