Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Sept. 4, 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 5.86%/1.92 pt 5.84%/1.82 pt 5.34%/1.46 pt 30-year ARM 2.63%/1.09 pt 2.63%/1.17 pt 3.07%/0.95 pt start rate 15-year fixed 5.19%/1.78 pt 5.20%/1.71 pt 4.77%/1.39 pt Rates for loans over $322,700 30-year fixed 6.25%/1.56 pt 6.24%/1.52 pt 5.57%/1.61 pt 30-year ARM 2.85%/0.89 pt 2.85%/0.92 pt 3.23%/0.85 pt start rate 15-year fixed 5.58%/1.67 pt 5.59%/1.52 pt 5.09%/1.39 pt FHA or VA mortgage Average / 6.28%/1.18 pt 6.28%/1.12 pt 5.88%/0.68 pt points CALVET 30-year 4.99%/0.00 pt 4.99%/0.00 pt 5.40%/0.00 pt 6-month LIBOR 1.200% 1.210% 1.310% 1-year 1.330% 1.350% 1.220% Treasury bill 6-month 1.050% 1.060% 1.180% Treasury bill 6-month CD 1.160% 1.140% 1.110% Prime rate 4.000% 4.000% 4.250% 11th District July ’03 June ’03 Jan. ’03 cost-of-funds 2.018% 2.113% 2.308%

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