Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 9, 2007

Rates for loans up to $416,999

*--* Latest week One week previous Six months previous 30-year fixed 5.88%/1.50 pt 5.92%/1.29 pt 5.80%/1.53 pt 30-year ARM start 3.43%/0.75 pt 3.51%/0.88 pt 3.09%/0.86 pt rate 15-year fixed 5.57%/1.41 pt 5.61%/1.32 pt 5.53%/1.50 pt

*--*

Rates for loans of $417,000 and above

*--* BTD 30-year fixed 6.15%/1.49 pt 6.18%/1.46 pt 6.13%/1.60 pt 30-year 3.46%/0.83 pt 3.54%/1.08 pt 3.29%/0.98 pt ARM start rate 15-year 5.88%/1.43 pt 5.90%/1.40 pt 5.85%/1.39 pt fixed FHA or 6.66%/1.88 pt 6.66%/1.88 pt 6.61%/1.50 pt VA mortgag e Average / points CALVET 6.10%/0.00 pt 6.10%/0.00 pt 6.50%/0.00 pt 30-year 6-month 5.350% 5.350% 5.390% LIBOR 1-year 4.900% 4.900% 5.000% Treasur y bill 6-month 5.020% 5.030% 5.140% Treasur y bill 6-month 5.310% 5.310% 5.330% CD Prime 8.250% 8.250% 8.250% rate 11th March ’07 Feb. ’07 Sept. ’06 Distric t cost-of -funds 4.299% 4.376% 4.382%

*--*

Compiled by National Financial News Services