Average Mortgage Rates and Indexes

Weekly Survey of 130 Southland Lenders as of May 20, 1993

Latest One Week Six Months week previous previous Rates for mortgages under $203,150 30-year fixed 7.416% 7.334% 8.201% 30-year ARM start rate 4.420% 4.391% 5.215% 15-year fixed 7.033% 6.907% 7.907% Rates for mortgages over $203,150 30-year fixed 7.629% 7.528% 8.781% 30-year ARM start rate 4.604% 4.596% 5.336% 15-year fixed 7.330% 7.243% 8.538% FHA or VA mortgage average points 1.188 1.188 5.406 CALVET 30-year ARM start rate 8.000% 8.000% 8.000% 11th District cost of funds 4.245% 4.245% 4.805% 6-month LIBOR 3.438% 3.375% 3.938% 1-year treasury bill 3.400% 3.270% 3.730% 6-month treasury bill 3.190% 3.080% 3.480% 6-month certificate of deposit 3.230% 3.140% 3.690% Prime rate 6.000% 6.000% 6.000%

Compiled by Mortgage News Co., Santa Ana