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Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 25, 2005

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $359,650 30-year fixed 5.47%/1.15 pt. 5.50%/1.24 pt. 5.33%/1.64 pt. 30-year ARM 2.89%/0.52 pt. 2.89%/0.52 pt. 3.02%/0.55 pt. start rate 15-year fixed 5.08%/0.94 pt. 5.04%/1.22 pt. 4.76%/1.51 pt. Rates for loans over $359,650 30-year fixed 5.79%/1.07 pt. 5.78%/1.26 pt. 5.58%/1.64 pt. 30-year ARM 2.93%/0.52 pt. 2.93%/0.52 pt. 3.28%/0.68 pt. start rate 15-year fixed 5.39%/1.01 pt. 5.39%/1.31 pt. 5.11%/1.50 pt. FHA or VA 6.05%/0.56 pt. 6.05%/0.56 pt. 6.19%/0.60 pt. mortgage Average / points CALVET 30-year 5.50%/0.00 pt. 5.50%/0.00 pt. 5.50%/0.00 pt. 6-month LIBOR 3.520% 3.480% 2.550% 1-year 3.320% 3.350% 2.530% Treasury bill 6-mo. 3.160% 3.180% 2.350% Treasury bill 6-month CD 3.440% 3.440% 2.490% Prime rate 6.000% 6.000% 5.000% 11th District March ’05 Feb. ’05 Sept. ’04 cost-of-funds 2.400% 2.317% 1.931%

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