Average mortgage rates and indexes

Weekly survey of 30 lenders in Los Angeles and Orange counties as of July 23, 2008

Compiled by National Financial News Services

*--* Latest week -- Previous week Six months previous Rates for loans up to $417,000 30-year fixed 6.05%/1.24 pt 5.97%/1.25 pt 5.70%/1.28 pt 30-year ARM start 4.87%/0.79 pt 4.73%/0.78 pt 4.58%/0.85 pt rate 15-year fixed 5.70%/1.20 pt 5.59%/1.17 pt 5.31%/1.15 pt Rates for loans of $417,001 to $729,750 30-year fixed 7.25%/1.56 pt 7.16%/1.56 pt 6.65%/1.16 pt 30-year ARM start 4.98%/1.05 pt 5.01%/1.05 pt 5.11%/0.93 pt rate 15-year fixed 6.84%/1.60 pt 6.83%/1.41 pt 6.26%/1.13 pt FHA or VA mortgage 6.79%/1.50 pt 6.71%/1.53 pt 6.59%/2.06 pt Average / points CALVET 30-year 6.10%/0.00 pt 6.10%/0.00 pt 6.10%/0.00 pt 6-month LIBOR 3.14% 2.05% 3.83% 1-year Treasury 2.21% 2.25% 2.83% bill 6-month Treasury 1.91% 2.05% 3.01% bill 6-month CD 3.12% 3.10% 3.73% Prime rate 5.00% 5.00% 6.50% 11th Dist. May ’08 April ’08 Dec. ’07 cost-of-funds -- 2.918% 3.111% 4.072% *--*