Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 16, 2007

Rates for loans up to $416,999

*--* Latest week One week previous Six months previous 30-year fixed 5.89%/1.47 pt 5.88%/1.50 pt 5.83%/1.48 pt 30-year ARM start 3.45%/0.77 pt 3.43%/0.75 pt 2.96%/0.89 pt rate 15-year fixed 5.56%/1.49 pt 5.57%/1.41 pt 5.57%/1.43 pt

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Rates for loans of $417,000 and above

*--* 30-year fixed 6.15%/1.49 pt 6.15%/1.49 pt 6.11%/1.56 pt 30-year 3.59%/0.86 pt 3.46%/0.83 pt 3.29%/1.03 pt ARM start rate 15-year 5.89%/1.43 pt 5.88%/1.43 pt 5.86%/1.42 pt fixed FHA or VA 6.66%/1.88 pt 6.66%/1.88 pt 6.61%/1.50 pt mortgage Average / points CALVET 6.10%/0.00 pt 6.10%/0.00 pt 6.50%/0.00 pt 30-year 6-month 5.360% 5.350% 5.400% LIBOR 1-year 4.890% 4.900% 5.030% Treasury bill 6-month 4.980% 5.020% 5.160% Treasury bill 6-month CD 5.310% 5.310% 5.350% Prime rate 8.250% 8.250% 8.250% 11th March ’07 Feb. ’07 Sept. ’06 District cost-of-f unds 4.299% 4.376% 4.382%

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Compiled by National Financial News Services