Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of Aug. 28, 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 5.84%/1.82 pt 5.83%/1.83 pt 5.39%/1.61 pt 30-year ARM 2.63%/1.17 pt 2.73%/1.12 pt 2.98%/0.89 pt start rate 15-year fixed 5.20%/1.71 pt 5.14%/1.78 pt 4.84%/1.31 pt Rates for loans over $322,700 30-year fixed 6.24%/1.52 pt 6.16%/1.41 pt 5.64%/1.60 pt 30-year ARM 2.85%/0.92 pt 2.90%/1.12 pt 3.05%/0.80 pt start rate 15-year fixed 5.59%/1.52 pt 5.54%/1.47 pt 5.19%/1.31 pt FHA or VA 6.28%/1.12 pt 6.34%/0.65 pt 6.04%/0.66 pt mortgage Average / points CALVET 30-year 4.99%/0.00 pt 4.50%/0.00 pt 5.40%/0.00 pt 6-month LIBOR 1.210% 1.200% 1.340% 1-year 1.350% 1.330% 1.270% Treasury bill 6-month 1.060% 1.050% 1.200% Treasury bill 6-month CD 1.140% 1.130% 1.260% Prime rate 4.000% 4.000% 4.250% 11th District July ’03 June ’03 Jan. ’03 cost-of-funds 2.018% 2.113% 2.308%

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