Average Mortgage Rates and Indexes

*--* Weekly survey of 60 Southland lenders as of Oct. 17, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.90%/1.88 pt 5.69%/1.63 pt 6.43%/1.62 pt 30-year ARM 3.37%/0.88 pt 3.35%/0.96 pt 4.14%/1.05 pt start rate 15-year fixed 5.36%/1.67 pt 5.14%/1.53 pt 6.04%/2.00 pt Rates for loans over $300,700 30-year fixed 6.24%/1.68 pt 6.00%/1.49 pt 6.54%/1.89 pt 30-year ARM 3.58%/0.90 pt 3.58%/0.82 pt 4.14%/1.22 pt start rate 15-year fixed 5.69%/1.55 pt 5.50%/1.16 pt 6.33%/1.59 pt FHA or VA 6.34%/0.70 pt 6.16%/0.38 pt 6.93%/1.62 pt mortgage Average / points CALVET 30-year 6.00%/0.00 pt 6.00%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 1.820% 1.720% 2.200% 1-year 1.590% 1.590% 2.530% Treasury bill 6-month 1.560% 1.560% 1.930% Treasury bill 6-month CD 1.800% 1.750% 2.060% Prime rate 4.750% 4.750% 4.750% 11th District July ’02 Feb. ’02 cost-of-funds Aug. ’02 2.763% 2.821% 2.823% Compiled by National Financial News Services *--*