Average Mortgage Rates and Indexes

Weekly Survey of 130 Southland Lenders as of Nov. 17, 1994

Latest One Week Six Months week previous previous Rates for loans under $203,150 30-year fixed 9.12%/1.92pt 9.07%/1.78pt 8.31%/1.54pt 30-year ARM start rate 6.41%/1.13pt 6.25%/1.16pt 5.88%/1.48pt 15-year fixed 8.78%/1.66pt 8.71%/1.63pt 7.98%/1.49pt Rates for loans over $203,150 30-year fixed 9.31%/1.91pt 9.30%/1.88pt 8.60%/1.72pt 30-year ARM start rate 5.94%/1.63pt 5.81%/1.63pt 5.90%/1.25pt 15-year fixed 9.06%/1.59pt 8.98%/1.54pt 8.35%/1.43pt FHA or VA mortgage average points 9.00%/3.63pt 9.00%/3.00pt 7.50%/6.94pt CALVET 30-year ARM start rate 7.75% 7.75% 8.00% 6-month LIBOR 6.312% 6.125% 4.937% 1-year treasury bill 6.580% 6.420% 5.230% 6-month treasury bill 5.970% 5.930% 4.870% 6-month certificate of deposit 6.100% 6.020% 4.910% Prime rate 8.500% 7.750% 7.250% 11th District cost of funds 4.039 3.945 3.860 For the month of Sept., ’94 Aug., ’94 July, ’94

Compiled by Mortgage News Co., Santa Ana