Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 18, 2005

Compiled by National Financial News Services

*--* This week Last week Six months previous Rates for loans up to $359,650 30-year fixed 5.50%/1.24pt 5.49%/1.33pt 5.34%/1.64pt 30-year ARM start rate 2.89%/0.52pt 3.00%/0.41pt 3.02%/0.54pt 15-year fixed 5.04%/1.22pt 5.04%/1.35pt 4.76%/1.54pt Rates for loans over $359,650 30-year fixed 5.78%/1.26pt 5.81%/1.33pt 5.56%/1.66pt 30-year ARM start rate 2.93%/0.52pt 3.03%/0.41pt 3.28%/0.66pt 15-year fixed 5.39%/1.31pt 5.36%/1.38pt 5.11%/1.44pt FHA or VA mortgage Average / points 6.05%/0.56pt 6.13%/0.67pt 6.19%/0.60pt CALVET 30-year 5.50%/0.00pt 5.50%/0.00pt 5.50%/0.00pt 6-month LIBOR 3.480% 3.490% 2.490% 1-yr Treasury bill 3.350% 3.330% 2.470% 6-mo Treasury bill 3.180% 3.180% 2.300% 6-mo CD 3.440% 3.390% 2.440% Prime rate 6.000% 6.000% 5.000% 11th District cost-of-funds March ’05 Feb. ’05 Sept. ’04 2.400% 2.317% 1.931%

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