Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of June 1, 2005

Rates for loans up to $359,650

*--* Latest week One week previous Six months previous 30-year fixed 5.36%/1.36 pt. 5.47%/1.15 pt. 5.36%/1.34 pt. 30-year ARM 2.89%/0.52 pt. 2.89%/0.52 pt. 3.05%/0.55 pt. start rate 15-year fixed 4.96%/1.17 pt. 5.08%/0.94 pt. 4.79%/1.40 pt.

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Rates for loans over $359,650

*--* Latest week One week previous Six months previous 30-year fixed 5.67%/1.43 pt. 5.79%/1.07 pt. 5.65%/1.29 pt. 30-year ARM 2.93%/0.53 pt. 2.93%/0.52 pt. 3.32%/0.68 pt. start rate 15-year fixed 5.29%/1.24 pt. 5.39%/1.01 pt. 5.11%/1.36 pt. FHA or VA 6.05%/0.56 pt. 6.05%/0.56 pt. 6.19%/0.60 pt. mortgage Average / points CALVET 30-year 5.50%/0.00 pt. 5.50%/0.00 pt. 5.50%/0.00 pt. 6-month LIBOR 2.530% 3.520% 2.620% 1-year 3.320% 3.320% 2.600% Treasury bill 6-month 3.160% 3.160% 2.410% Treasury bill 6-month CD 3.470% 3.440% 2.560% Prime rate 6.000% 6.000% 5.000% 11th District April ’05 March ’05 Oct. ’04 cost-of-funds 2.515% 2.400% 1.960%

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Compiled by National Financial News Services