Average mortgage rates and indexes

Weekly survey of 30 lenders in Orange and Los Angeles counties as of July 2, 2008

*--* Latest week Previous week Six months previous Rates for loans up to $417,000 30-year fixed 5.99%/1.33 pt 6.03%/1.19 pt 5.98%/1.41 pt 30-year ARM start 4.77%/0.78 pt 4.84%/0.78 pt 4.95%/0.73 pt rate 15-year fixed 5.64%/1.30 pt 5.69%/1.35 pt 5.60%/1.30 pt Rates for loans of $417,001 to $729,750 30-year fixed 7.18%/1.70 pt 7.30%/1.58 pt 6.90%/1.23 pt 30-year ARM start 5.06%/1.05 pt 5.18%/1.05 pt 5.24%/0.83 pt rate 15-year fixed 7.14%/1.63 pt 7.20%/1.66 pt 6.53%/1.23 pt FHA or VA mortgage 6.68%/1.75pt 6.68%/1.75pt 6.62%/2.13pt Average / points CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 3.120% 3.220% 4.720% 1-year Treasury 2.460% 2.570% 3.420% bill 6-month Treasury 2.210% 2.310% 3.510% bill 6-month CD 3.150% 3.190% 4.740% Prime rate 5.000% 5.000% 7.250% 11th Dist. May ’08 April ’08 Dec. ’07 cost-of-funds 2.918% 3.111% 4.072% *--*