Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Feb. 6, 2008

Compiled by National Financial News Services

*--* -- Latest week Previous week Six months previous Rates for loans up to $417,000 30-year fixed 5.51%/1.17 pt 5.63%/1.22 pt 6.19%/1.56 pt 30-year ARM start 4.24%/0.88 pt 4.52%/0.88 pt 3.59%/0.86 pt rate 15-year fixed 5.00%/1.20 pt 5.15%/1.17 pt 5.86%/1.52 pt Rates for loans of $417,001 and above 30-year fixed 6.53%/1.20 pt 6.69%/1.23 pt 6.60%/1.39 pt 30-year ARM start 4.77%/0.94 pt 5.08%/1.43 pt 3.65%/1.00 pt rate 15-year fixed 5.98%/1.19 pt 6.19%/1.91 pt 6.26%/1.30 pt FHA or VA mortgage 6.58%/1.95pt 6.58%/1.95 pt 6.67%/1.93 pt Average CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 3.180% 3.490% 5.330% 1-year Treasury 2.230% 2.310% 4.830% bill 6-month Treasury 2.250% 2.390% 4.960% bill 6-month CD 3.060% 3.170% 5.320% Prime rate 6.000% 6.500% 8.250% 11th Dist. Dec. ’07 Nov. ’07 June ’07 cost-of-funds 4.072% 4.172% 4.283% *--*