Average Mortgage Rates and Indexes

*--* Weekly survey of 60 Southland lenders as of Aug. 29, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 5.83%/1.70 pt 5.93%/1.74 pt 6.32%/2.05 pt 30-year ARM 3.43%/0.86 pt 3.40%/1.05 pt 4.97%/1.21 pt start rate 15-year fixed 5.35%/1.31 pt 5.39%/1.54 pt 5.82%/2.01 pt Rates for loans over $300,700 30-year fixed 6.19%/1.63 pt 6.22%/1.75 pt 6.67%/1.88 pt 30-year ARM 3.62%/0.89 pt 3.60%/1.01 pt 5.00%/0.96 pt start rate 15-year fixed 5.72%/1.43 pt 5.74%/1.56 pt 6.25%/1.85 pt FHA or VA 6.48%/0.99 pt 6.25%/1.14 pt 6.78%/1.40 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% 1.760% 2.091% 1-year 1.800% 1.810% 2.280% Treasury bill 6-month 1.680% 1.660% 1.850% Treasury bill 6-month CD 1.710% 1.760% 1.960% Prime rate 4.750% 4.750% 4.750% 11th District May ’02 Dec. ’01 cost-of-funds June ’02 2.847% 2.772% 3.368%

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