Average mortgage rates and indexes

Weekly survey of 30 Orange and L.A. County lenders as of May 1, 2008

Compiled by National Financial News Services

*--* This week Last week Six months previous Rates for loans up to $417,000 30-year fixed 5.85%/1.22 pt 5.87%/1.31 pt 5.96%/1.50 pt 30-year ARM start 4.73%/0.68 pt 4.73%/0.68 pt 4.37%/0.97 pt rate 15-year fixed 5.44%/1.16 pt 5.46%/1.19 pt 5.60%/1.35 pt Rates for loans of $417,001 to $729,750 30-year fixed 7.11%/1.64 pt 6.83%/1.71 pt 6.53%/1.21 pt 30-year ARM start 4.95%/0.97 pt 4.93%/0.97 pt 4.60%/1.07 pt rate 15-year fixed 6.80%/1.49 pt 6.70%/1.48 pt 6.20%/1.15 pt FHA or VA mortgage 6.41%/1.88 pt 6.43%/1.83 pt 6.67%/2.16 pt Average / points CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 2.990% 3.040% 4.820% 1-year Treasury 1.930% 1.880% 3.930% bill 6-month Treasury 1.710% 1.670% 4.000% bill 6-month CD 2.940% 3.030% 4.750% Prime rate 2.000% 5.000% 7.500% 11th Dist. March ’08 Feb. ’08 Aug. ’07 cost-of-funds -- 3.560% 3.970% 4.359% *--*