Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of Aug. 26, 2004 .

Compiled by National Financial News Services

*--* Latest week One week Six months previous previous Rates for loans up to $333,700 30-year fixed 5.51%/1.36pt 5.50%/1.38pt 5.19%/1.83pt 30-year ARM start rate 3.04%/0.49pt 3.04%/0.49pt 2.57%/1.31pt 15-year fixed 4.90%/1.34pt 4.90%/1.25pt 4.47%/1.71pt Rates for loans over $333,700 30-year fixed 5.81%/1.25pt 5.79%/1.31pt 5.43%/1.60pt 30-year ARM 3.08%/0.58pt 3.08%/0.58pt 2.70%/1.19pt start rate 15-year fixed 5.24%/1.30pt 5.24%/1.34pt 4.85%/1.42pt FHA or VA mortgage 6.15%/0.80pt 6.15%/0.80pt 5.97%/0.92pt Average / points CALVET 30-year 5.50%/0.00pt 5.50%/0.00pt 4.99%/0.00pt 6-month LIBOR 1.990% 1.950% 1.170% 1-year Treasury bill 2.030% 1.980% 1.220% 6-month Treasury bill 1.800% 1.750% 1.020% 6-month CD 1.940% 1.880% 1.100% Prime rate 4.500% 4.500% 4.000% 11th District June ’04 May ’04 Dec. ’03 cost-of-funds 1.758% 1.708% 1.902%

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