Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 24, 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%/1.37 pt 6.36%/1.48 pt 5.85%/1.56 pt 30-year ARM 3.13%/0.77 pt 3.13%/0.80 pt 3.31%/0.63 pt start rate 15-year fixed 5.99%/1.38 pt 6.00%/1.50 pt 5.40%/1.58 pt Rates for loans of $417,000 and above 30-year fixed 6.54%/1.35 pt 6.54%/1.54 pt 6.06%/1.53 pt 30-year ARM 3.19%/1.08 pt 3.13%/1.08 pt 3.44%/0.43 pt start rate 15-year fixed 6.26%/1.31 pt 6.29%/1.49 pt 5.68%/1.44 pt FHA or VA mortgage 6.60%/1.11 pt 6.60%/1.11 pt 6.36%/0.73 pt Average / points CALVET 30-yr 6.25%/0.00 pt 6.25%/0.00 pt 5.50%/0.00 pt 6-month LIBOR 5.280% 5.250% 4.570% 1-yr Treasury bill 4.980% 5.010% 4.360% 6-mo Treasury bill 5.000% 5.020% 4.320% 6-month CD 5.260% 5.240% 4.530% Prime rate 8.000% 8.000% 7.000%

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

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