Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 17, 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 6.36%/1.48 pt 6.28%/1.68 pt 5.89%/1.58 pt 30-year ARM 3.13%/0.80 pt 3.18%/0.78 pt 3.31%/0.63 pt start rate 15-year fixed 6.00%/1.50 pt 5.96%/1.50 pt 5.43%/1.61 pt Rates for loans of $417,000 and above 30-year fixed 6.54%/1.54 pt 6.51%/1.53 pt 6.08%/1.55 pt 30-year ARM 3.13%/1.08 pt 3.18%/1.09 pt 3.44%/0.43 pt start rate 15-year fixed 6.29%/1.49 pt 6.22%/1.54 pt 5.74%/1.45 pt FHA or VA mortgage 6.60%/1.11 pt 6.61%/1.09 pt 6.36%/0.73 pt Average / points CALVET 30-year 6.25%/0.00 pt 6.25%/0.00 pt 5.50%/0.00 pt 6-month LIBOR 5.250% 5.250% 4.530% 1-yr Treasury bill 5.010% 4.980% 4.350% 6-mo Treasury bill 5.020% 4.990% 4.310% 6-mo CD 5.240% 5.220% 4.500% Prime rate 8.000% 7.750% 7.000%

11th District March ’06 Feb. ’06 Sept. ’05 cost-of-funds 3.624% 3.604% 2.972%

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