Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of July 12, 2006

Compiled by National Financial News Services

*--* Latest week One week Six months previous previous Rates for loans up to $416,999 30-year fixed 6.51%/1.36 pt 6.54%/1.32 pt 5.79%/1.54 pt 30-year ARM 3.79%/0.83 pt 3.77%/0.86 pt 3.05%/0.45 pt start rate 15-year fixed 6.19%/1.44 pt 6.26%/1.28 pt 5.40%/1.44 pt Rates for loans of $417,000 and above 30-year fixed 6.76%/1.39 pt 6.75%/1.26 pt 6.08%/1.39 pt 30-year ARM 3.88%/1.09 pt 3.86%/1.11 pt 3.15%/0.93 pt start rate 15-year fixed 6.44%/1.40 pt 6.49%/1.22 pt 5.71%/1.35 pt FHA or VA mortgage 6.72%/1.18 pt 6.72%/1.18 pt 6.20%/0.59 pt Average / points CALVET 30-year 6.50%/0.00 pt 6.25%/0.00 pt 5.50%/0.00 pt 6-month LIBOR 5.580% 5.630% 4.710% 1-year Treasury bill 5.270% 5.270% 4.370% 6-month Treasury bill 5.310% 5.290% 4.380% 6-month CD 5.570% 5.570% 4.650% Prime rate 8.250% 8.250% 7.250% 11th District May ’06 April ’06 Nov.’ 05 cost-of-funds 3.884% 3.759% 3.190%

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