Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Feb. 26, 2004

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $333,700 30-year fixed 5.19%/1.83 pt. 5.21%/1.83 pt. 5.84%/1.82 pt. 30-year ARM 2.57%/1.31 pt. 2.57%/1.31 pt. 2.63%/1.17 pt. start rate 15-year fixed 4.47%/1.71 pt. 4.47%/1.65 pt. 5.20%/1.71 pt. Rates for loans over $333,700 30-year fixed 5.43%/1.60 pt. 5.39%/1.63 pt. 6.24%/1.52 pt. 30-year ARM 2.70%/1.19 pt. 2.70%/1.19 pt. 2.85%/0.92 pt. start rate 15-year fixed 4.85%/1.42 pt. 4.86%/1.26 pt. 5.59%/1.52 pt. FHA or VA 5.97%/0.92 pt. 5.97%/0.72 pt. 6.28%/1.12 pt. mortgage Average / points CALVET 30-year 4.99%/0.00 pt. 4.99%/0.00 pt. 4.99%/0.00 pt. 6-month LIBOR 1.170% 1.170% 1.210% 1-year 1.220% 1.230% 1.350% Treasury bill 6-month 1.020% 1.000% 1.060% Treasury bill 6-month CD 1.100% 1.090% 1.140% Prime rate 4.000% 4.000% 4.000% 11th District Jan. ’04 Dec. ’03 July ’03 cost-of-funds 1.811% 1.902% 2.018%

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