Average mortgage rates and indexes

Weekly survey of 30 lenders in Los Angeles and Orange counties as of May 28, 2008

Compiled by National Financial News Services

*--* Latest week Previous week Six months previous Rates for loans up to $417,000 30-year fixed 5.85%/1.32 pt 5.85%/1.23 pt 6.01%/1.28 pt 30-year ARM start 4.66%/0.70 pt 4.72%/0.70 pt 4.77%/0.97 pt rate 15-year fixed 5.45%/1.26 pt 5.41%/1.28 pt 5.68%/1.21 pt Rates for loans of $417,001 to $729,750 30-year fixed 7.05%/1.67 pt 7.06%/1.57 pt 6.69%/1.20 pt 30-year ARM start 4.90%/0.97 pt 4.95%/0.97 pt 5.05%/1.03 pt rate 15-year fixed 6.77%/1.54 pt 6.75%/1.46 pt 6.28%/1.16 pt FHA or VA mortgage 6.41%/1.88 pt 6.41%/1.88 pt 6.65%/2.14 pt average CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 2.850% 2.800% 4.860% 1-year Treasury 2.090% 2.070% 3.300% bill 6-month Treasury 1.920% 1.890% 3.410% bill 6-month CD 2.800% 2.860% 4.880% Prime rate 5.000% 5.000% 7.500% 11th Dist. March ’08 Feb. ’08 Oct. ’07 cost-of-funds -- 3.280% 3.560% 4.233% *--*