Average Mortgage Rates and Indexes

Weekly survey of 60 Southland lenders as of Jan. 15, 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 5.29%/1.53 pt. 5.38%/1.53 pt. 5.30%/1.65 pt. 30-year ARM 2.64%/1.28 pt. 2.64%/1.29 pt. 2.62%/1.12 pt. start rate 15-year fixed 4.60%/1.78 pt. 4.74%/1.69 pt. 4.72%/1.37 pt. Rates for loans over $333,700 30-year fixed 5.56%/1.58 pt. 5.67%/1.47 pt. 5.57%/1.55 pt. 30-year ARM 2.73%/1.19 pt. 2.73%/1.18 pt. 2.82%/0.95 pt. start rate 15-year fixed 4.94%/1.82 pt. 5.04%/1.68 pt. 4.98%/1.45 pt. FHA or VA 5.97%/0.69 pt. 6.03%/0.69 pt. 5.75%/1.09 pt. mortgage Average / points CALVET 30-year 4.99%/0.00 pt. 4.99%/0.00 pt. 4.50%/0.00 pt. 6-month LIBOR 1.170% 1.170% 1.120% 1-year 1.190% 1.290% 1.100% Treasury bill 6-month 0.970% 1.020% 0.960% Treasury bill 6-month CD 1.100% 1.140% 1.070% Prime rate 4.000% 4.000% 4.000% 11th District Oct. ’03 Sept. ’03 April ’03 cost-of-funds 1.909% 1.923% 2.208%

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