Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of Sept. 18, 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 5.44%/1.91 pt. 5.66%/1.86 pt. 5.48%/1.76 pt. 30-year ARM 2.68%/1.03 pt. 2.68%/1.10 pt. 3.04%/0.96 pt. start rate 15-year fixed 4.79%/1.84 pt. 4.95%/1.73 pt. 4.83%/1.65 pt. Rates for loans over $322,700 30-year fixed 5.90%/1.81 pt. 6.01%/1.61 pt. 5.68%/1.68 pt. 30-year ARM 2.76%/0.93 pt. 2.85%/0.89 pt. 3.24%/0.87 pt. start rate 15-year fixed 5.31%/1.83 pt. 5.33%/1.76 pt. 5.15%/1.60 pt. FHA or VA 6.13%/0.46 pt. 6.22%/1.18 pt. 6.06%/0.40 pt. mortgage Average / points CALVET 30-year 4.99%/0.00 pt. 4.99%/0.00pt 5.40%/0.00 pt. 6-month LIBOR 1.180% 1.180% 1.280% 1-year 1.210% 1.220% 1.320% Treasury bill 6-month 1.020% 1.030% 1.180% Treasury bill 6-month CD 1.120% 1.120% 1.220% 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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