*--* Average Mortgage Rates and Indexes Weekly...

*--* Average Mortgage Rates and Indexes Weekly survey of 60 Southland lenders as of May 2, 2002 Latest week One week previous Six months previous Rates for loans up to $300,700 30-year fixed 6.43%/1.91 pt 6.43%/2.03 pt 5.87%/1.78 pt 30-year ARM 4.04%/1.07 pt 4.15%/0.90 pt 5.48%/1.08 pt start rate 15-year fixed 5.88%/1.92 pt 5.88%/1.87 pt 5.56%/1.56 pt Rates for loans over $300,700 30-year fixed 6.65%/1.70 pt 6.67%/1.69 pt 6.27%/1.76 pt 30-year ARM 4.29%/1.14 pt 4.33%/1.14 pt 5.59%/1.17 pt start rate 15-year fixed 6.24%/1.37 pt 6.21%/1.61 pt 5.99%/1.84 pt FHA or VA 6.90%/0.85 pt 6.88%/1.47 pt 6.00%/2.14 pt mortgage Average / points CALVET 30-year 6.50%/0.00 pt 6.50%/0.00 pt 6.50%/0.00 pt 6-month LIBOR 2.120% 2.150% 2.120% 1-year 2.360% 2.420% 2.110% Treasury bill 6-month 1.910% 1.910% 1.930% Treasury bill 6-month CD 1.810% 1.810% 2.080% Prime rate 4.750% 4.750% 5.500% 11th District 3.074% 4.274% cost-of-funds 2.653% Compiled by National Financial News Services

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