Average mortgage rates and indexes

Weekly survey of 30 lenders in Los Angeles and Orange counties as of May 21, 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%/1.23 pt. 5.85%/1.30 pt. 5.98%/1.42 pt. 30-year ARM 4.72%/0.70 pt. 4.72%/0.68 pt. 4.86%/1.00 pt. start rate 15-year fixed 5.41%/1.28 pt. 5.44%/1.28 pt. 5.68%/1.21 pt. Rates for loans of $417,001 to $729,750 30-year fixed 7.06%/1.57 pt. 7.06%/1.60 pt. 6.65%/1.17 pt. 30-year ARM 4.95%/0.97 pt. 4.95%/0.97 pt. 5.15%/1.06 pt. start rate 15-year fixed 6.75%/1.46 pt. 6.73%/1.51 pt. 6.31%/1.09 pt. FHA or VA 6.41%/1.88 pt. 6.41%/1.88 pt. 6.65%/2.14 pt. mortgage average CALVET 30-year 6.10%/0.00 pt. 6.10%/0.00 pt. 6.10%/0.00 pt. 6-month LIBOR 2.800% 2.880% 4.740% 1-year Treasury 2.070% 1.940% 3.580% bill 6-month Treasury 1.890% 1.750% 3.650% bill 6-month CD 2.860% 2.800% 4.800% 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% *--*