AVERAGE MORTGAGE RATES

Rates offered by California lenders

Avg. Lowest Avg. Avg. Type rate rate fees pts. APR. First mortgages Conforming 30-year, fixed 10.65% 9.88% $281 1.94 10.93 Jumbo 30-year, fixed 11.35 10.88 292 2.07 11.66 Conforming 15-year, fixed 10.34 10.00 282 1.94 10.74 Jumbo 15-year, fixed 10.98 10.63 290 2.01 11.40 Conforming 30-year, adjustable 8.12 7.13 260 2.67 8.44 Jumbo 30-year, adjustable 8.14 7.25 255 2.31 8.42 Second mortgages Conforming 15-year, fixed 11.22% 10.25% $244 3.90 12.00

Conforming loans are loans that do not exceed $153,100; jumbo loans are for more than that amount. APR is the total annual financing cost, expressed as a percentage. The APR for adjustable loans is based on an index designated by the lender, and assumes that the initial rate will not change. Average fees reflect one-time charges made by lenders, typically when the borrower first applies for the loan. Points are usually paid when the loan closes; one point equals one percent of the total loan amount. Rates quoted as of June 10.

Source: CompuFund Inc., Santa Ana