Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of July 19, 2006

Compiled by National Financial News Services

*--* This week Last Six months week previous Rates for loans up to $416,999 30-year fixed 6.43%/1.42 pt 6.51%/1.36 pt 5.76%/1.60 pt 30-year ARM 3.20%/0.72 pt 3.79%/0.83 pt 3.06%/0.45 pt start rate 15-year fixed 6.13%/1.41 pt 6.19%/1.44 pt 5.36%/1.47 pt Rates for loans of $417,000 and above 30-year fixed 6.72%/1.40 pt 6.76%/1.39 pt 6.07%/1.40 pt 30-year ARM 3.23%/1.09 pt 3.88%/1.09 pt 3.17%/0.39 pt start rate 15-year fixed 6.38%/1.38 pt 6.44%/1.40 pt 5.71%/1.36 pt FHA or VA mortgage 6.61%/1.30 pt 6.72%/1.18 pt 6.20%/0.59 pt Average / points CALVET 30-year 6.50%/0.00 pt 6.50%/0.00 pt 5.50%/0.00 pt 6-month LIBOR 5.610% 5.580% 4.700% 1-year Treasury bill 5.240% 5.270% 4.410% 6-mo. Treasury bill 5.290% 5.310% 4.430% 6-month CD 5.560% 5.570% 4.680% 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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