Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Jan. 16, 2008

Compiled by National Financial News Services

*--* Latest week Previous week Six months previous Rates for loans up to $417,000 30-year fixed 5.72%/1.31 pt 5.76%/1.44 pt 6.23%/1.47 pt 30-year ARM start 4.59%/0.85 pt 4.72%/0.72 pt 3.53%/0.89 pt rate 15-year fixed 5.35%/1.15 pt 5.38%/1.27 pt 5.89%/1.57 pt Rates for loans of $417,001 and above 30-year fixed 6.68%/1.16 pt 6.73%/1.21 pt 6.50%/1.55 pt 30-year ARM start 5.12%/0.93 pt 5.22%/0.82 pt 3.59%/1.03 pt rate 15-year fixed 6.31%/1.13 pt 6.44%/1.16 pt 6.21%/1.45 pt FHA or VA mortgage 6.59%/2.06 pt 6.59%/2.06 pt 6.68%/1.95 pt Average / points CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 4.330% 4.600% 5.400% 1-year Treasury 3.040% 3.180% 5.000% bill 6-month Treasury 3.210% 3.330% 5.040% bill 6-month CD 4.150% 4.520% 5.350% Prime rate 7.250% 7.250% 8.250% 11th Dist. Nov. ’07 Oct. ’07 May ’07 cost-of-funds -- 4.172% 4.233% 4.293% *--*