Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Feb. 20, 2003

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $322,700 30-year fixed 5.50%/1.45 pt 5.53%/1.60 pt 5.93%/1.74 pt 30-year ARM 2.96%/0.98 pt 2.99%/0.91 pt 3.40%/1.05 pt start rate 15-year fixed 4.90%/1.33 pt 4.94%/1.41 pt 5.39%/1.54 pt Rates for loans over $322,700 30-year fixed 5.73%/1.51 pt 5.75%/1.53 pt 6.22%/1.75 pt 30-year ARM 3.05%/0.80 pt 3.06%/0.83 pt 3.60%/1.01 pt start rate 15-year fixed 5.22%/1.36 pt 5.25%/1.48 pt 5.74%/1.56 pt FHA or VA 6.04%/0.66 pt 6.13%/0.66 pt 6.25%/1.14 pt mortgage Average / points CALVET 30-year 5.40%/0.00 pt 5.40%/0.00 pt 6.00%/0.00 pt 6-month LIBOR 1.340% 1.340% 1.760% 1-year 1.300% 1.300% 1.810% Treasury bill 6-month 1.190% 1.190% 1.660% Treasury bill 6-month CD 1.270% 1.270% 1.760% Prime rate 4.250% 4.250% 4.750% 11th District Dec. ’02 Nov. ’02 June ’02 cost-of-funds 2.375% 2.537% 2.772%

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