Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of April 8, 2004

Compiled by National Financial News Services

*--* Latest week One week previous Six months previous Rates for loans up to $333,700 30-year fixed 5.39%/1.76 pt. 5.15%/1.86 pt. 5.53%/1.83 pt. 30-year ARM 2.78%/0.99 pt. 2.81%/1.07 pt. 2.68%/1.04 pt. start rate 15-year fixed 4.63%/1.82 pt. 4.39%/1.89 pt. 4.83%/1.77 pt. Rates for loans over $333,700 30-year fixed 5.63%/1.65 pt. 5.35%/1.81 pt. 5.89%/1.58 pt. 30-year ARM 2.91%/0.94 pt. 2.82%/1.01 pt. 2.78%/0.92 pt. start rate 15-year fixed 4.99%/1.58 pt. 4.76%/1.53 pt. 5.22%/1.59 pt. FHA or VA 6.03%/0.72 pt. 5.97%/0.72 pt. 6.22%/0.46 pt. mortgage Average / points CALVET 30-year 4.99%/0.00 pt. 4.99%/0.00 pt. 4.99%/0.00 pt. 6-month LIBOR 1.220% 1.170% 1.180% 1-year 1.320% 1.230% 1.200% Treasury bill 6-month 1.050% 1.020% 1.000% Treasury bill 6-month CD 1.160% 1.110% 1.120% Prime rate 4.000% 4.000% 4.000% 11th District Feb. ’04 Jan. ’04 Aug. ’03 cost-of-funds 1.841% 1.811% 1.943%

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