Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Jan. 23, 2008

Compiled by National Financial News Services

*--* -- This week Last week Six months previous Rates for loans up to $417,000 30-year fixed 5.62%/1.12 pt 5.72%/1.31 pt 6.25%/1.56 pt 30-year ARM start 4.45%/0.74 pt 4.59%/0.85 pt 3.60%/0.83 pt rate 15-year fixed 5.21%/1.07 pt 5.35%/1.15 pt 5.93%/1.57 pt Rates for loans of $417,001 and above 30-year fixed 6.56%/1.18 pt 6.68%/1.16 pt 6.50%/1.61 pt 30-year ARM start 5.04%/0.94 pt 5.12%/0.93 pt 3.65%/1.00 pt rate 15-year fixed 6.14%/1.17 pt 6.31%/1.13 pt 6.22%/1.48 pt FHA or VA mortgage 6.54%/1.99 pt 6.59%/2.06 pt 6.68%/1.95 pt Average CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 3.830% 4.330% 5.390% 1-year Treasury 2.830% 3.040% 4.990% bill 6-month Treasury 3.010% 3.210% 5.060% bill 6-month CD 3.730% 4.150% 5.340% Prime rate 6.500% 7.250% 8.250% 11th Dist. Nov. ’07 Oct. ’07 May ’07 cost-of-funds -- 4.172% 4.233% 4.293% *--*