Average Mortgage Rates and Indexes

Weekly Survey of 130 Southland Lenders as of Dec. 15, 1994

Latest One Week Six Months week previous previous Rates for loans under $203,150 30-year fixed 9.12%/1.83pt 9.12%/1.80pt 8.34%/1.69pt 30-year ARM start rate 7.19%/1.06pt 7.06%/1.03pt 5.69%/1.48pt 15-year fixed 8.85%/1.68pt 8.89%/1.69pt 7.94%/1.64pt Rates for loans over $203,150 30-year fixed 9.38%/1.92pt 9.41%/1.83pt 8.63%/1.76pt 30-year ARM start rate 6.56%/1.50pt 6.31%/1.56pt 5.58%/1.25pt 15-year fixed 9.22%/1.55pt 9.22%/1.65pt 8.31%/1.58pt FHA or VA mortgage average points 9.00%/2.50pt 9.00%/3.13pt 7.50%/7.69pt CALVET 30-year ARM start rate 7.75% 7.75% 8.00% 6-month LIBOR 6.875% 6.875% 4.875% 1-year treasury bill 7.200% 7.100% 5.180% 6-month treasury bill 6.620% 6.630% 4.720% 6-month certificate of deposit 6.820% 6.720% 4.760% Prime rate 8.500% 8.500% 7.250% 11th District cost of funds 4.187 4.039 3.672 For the month of Oct., ’94 Sept., ’94 April, ’94

Compiled by Mortgage News Co., Santa Ana