Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of July 29, 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 5.75%/1.60 pt. 5.68%/1.71 pt. 5.35%/1.78 pt. 30-year ARM start rate 3.08%/0.59 pt. 2.79%/0.53 pt. 2.70%/1.27 pt. 15-year fixed 5.11%/1.58 pt. 5.03%/1.83 pt. 4.61%/1.89 pt. Rates for loans over $333,700 30-year fixed 5.98%/1.59 pt. 5.93%/1.76 pt. 5.58%/1.74 pt. 30-year ARM start rate 3.32%/0.48 pt. 2.83%/0.51 pt. 2.73%/1.18 pt. 15-year fixed 5.45%/1.53 pt. 5.35%/1.71 pt. 4.96%/1.76 pt. FHA or VA mortgage Average / points 6.15%/0.80 pt. 6.15%/0.80 pt. 5.97%/0.72 pt. CALVET 30-year 5.50%/0.00 pt. 5.50%/0.00 pt. 4.99%/0.00 pt. 6-month LIBOR 1.940% 1.930% 1.210% 1-yr. Treasury 2.160% 2.120% 1.250% bill 6-mo. Treasury 1.780% 1.700% 1.000% bill 6-month CD 1.920% 1.860% 1.110% Prime rate 4.250% 4.250% 4.000% 11th District cost-of-funds June ’04 May ’04 Dec. ’03 1.758% 1.708% 1.902%

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