Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Nov. 28, 2002

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.88%/1.55 pt 5.76%/1.61 pt 6.33%/1.87 pt 30-year ARM 3.19%/0.89 pt 3.08%/1.16 pt 3.93%/1.15 pt start rate 15-year fixed 5.33%/1.63 pt 6.17%/1.59 pt 5.82%/1.71 pt Rates for loans over $300,700 30-year fixed 6.05%/1.62 pt 6.03%/1.38 pt 6.60%/1.55 pt 30-year ARM 3.23%/0.98 pt 3.23%/0.87 pt 4.25%/1.20 pt start rate 15-year fixed 5.53%/1.48 pt 5.50%/1.34 pt 6.17%/1.29 pt FHA or VA 6.38%/0.33 pt 6.38%/0.33 pt 6.80%/1.21 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 6.00%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.470% 1.480% 2.120% 1-year 1.510% 1.510% 2.380% Treasury bill 6-month 1.250% 1.270% 1.920% Treasury bill 6-month CD 1.390% 1.380% 1.980% Prime rate 4.250% 4.250% 4.750% 11th District Oct.’02 Sep.’02 Apr.’02 cost-of-funds 2.708% 2.759% 2.653%

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