Average mortgage rates and indexes

Weekly survey of 30 lenders in Los Angeles and Orange counties as of May 14, 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%/1.30 pt 5.85%/1.22 pt 5.99%/1.44 pt 30-year ARM start 4.72%/0.68 pt 4.73%/0.68 pt 4.87%/0.97 pt rate 15-year fixed 5.44%/1.28 pt 5.44%/1.16 pt 5.68%/1.32 pt Rates for loans of $417,001 to $729,750 30-year fixed 7.06%/1.60 pt 7.11%/1.64 pt 6.64%/1.19 pt 30-year ARM start 4.95%/0.97 pt 4.95%/0.97 pt 5.15%/1.06 pt rate 15-year fixed 6.73%/1.51 pt 6.80%/1.49 pt 6.31%/1.12 pt FHA or VA mortgage 6.41%/1.88 pt 6.41%/1.88 pt 6.67%/2.16 pt average CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 2.880% 2.990% 4.850% 1-year Treasury 1.940% 1.930% 3.720% bill 6-month Treasury 1.750% 1.710% 3.780% bill 6-month CD 2.800% 2.940% 4.820% Prime rate 5.000% 2.000% 7.500% 11th Dist. March '08 Feb. '08 Aug. '07 cost-of-funds -- 3.560% 3.970% 4.359% *--*

For The Record Los Angeles Times Wednesday, May 21, 2008 Home Edition Main News Part A Page 2 National Desk 1 inches; 32 words Type of Material: Correction Cost-of-funds index: The Average Mortgage Rates and Indexes chart in Sunday's Real Estate section incorrectly stated the 11th District cost-of-funds for February and March. They were 3.56% in February, 3.28% in March. For The Record Los Angeles Times Sunday, May 25, 2008 Home Edition Real Estate Part K Page 7 Features Desk 1 inches; 33 words Type of Material: Correction Cost-of-funds index: The Average Mortgage Rates and Indexes chart in the May 18 section incorrectly stated the 11th District cost-of-funds for February and March. They were 3.56% in February and 3.28% in March.
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