Average mortgage rates and indexes

Weekly survey of 60 Southland lenders as of May 31, 2006

Compiled by National Financial News Services

*--* Latest One week Six months week previous previous Rates for loans up to $416,999 30-year fixed 6.36%/1.30 pt 6.36%/1.37 pt 5.88%/1.43 pt 30-year ARM 3.13%/0.80 pt 3.13%/0.77 pt 3.01%/0.38 pt start rate 15-year fixed 6.00%/1.26 pt 5.99%/1.38 pt 5.46%/1.64 pt Rates for loans of $417,000 and above 30-year fixed 6.57%/1.24 pt 6.54%/1.35 pt 6.15%/1.50 pt 30-year ARM 3.19%/1.09 pt 3.19%/1.08 pt 3.05%/0.43 pt start rate 15-year fixed 6.26%/1.22 pt 6.26%/1.31 pt 5.76%/1.42 pt FHA or VA mortgage 6.60%/1.11 pt 6.60%/1.11 pt 6.36%/0.73 pt Average / points CALVET 30-year 6.25%/0.00 pt 6.25%/0.00 pt 5.50%/0.00 pt 6-month LIBOR 5.280% 5.280% 4.590% 1-yr. Treasury bill 4.990% 4.980% 4.300% 6-mo. Treasury bill 5.010% 5.000% 4.270% 6-month CD 5.280% 5.260% 4.540% Prime rate 8.000% 8.000% 7.000%

11th District March ’06 Feb. ’06 Sept. ’05 cost-of-funds 3.624% 3.604% 2.972%

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