Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Nov. 14, 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 5.73%/1.57 pt 5.75%/1.65 pt 6.46%/1.90 pt 30-year ARM 3.17%/0.99 pt 3.17%/1.00 pt 3.97%/1.16 pt start rate 15-year fixed 5.01%/1.65 pt 5.08%/1.61 pt 5.92%/1.77 pt Rates for loans over $300,700 30-year fixed 6.02%/1.39 pt 6.05%/1.40 pt 6.68%/1.59 pt 30-year ARM 3.37%/0.76 pt 3.37%/0.79 pt 4.28%/1.21 pt start rate 15-year fixed 5.41%/1.34 pt 5.44%/1.38 pt 6.24%/1.49 pt FHA or VA 6.19%/0.37 pt 6.19%/0.37 pt 6.80%/1.35 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 1.450% 1.400% 2.080% 1-year 1.460% 1.460% 2.400% Treasury bill 6-month 1.330% 1.330% 1.930% Treasury bill 6-month CD 1.360% 1.350% 2.020% Prime rate 4.250% 4.250% 4.750% 11th District Sep.’02 Aug.’02 Mar.’02 cost-of-funds 2.759% 2.763% 2.744%

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