1. Interest Rates and Terms for New and Refinanced Mortgages, 1996 New Mortgages Instn. Rate Points Term (yrs) Type A-03 7.99% 0-1 25 adj A-04 9.50% 1.0 15 fxd A-06 7.50% 1.0 10 adj B-27 7.94% 1.0 ** ** B-29 10.00% 2.0 5-25 B-62 8.38% 1-2 5+5 adj B-63 8.00% 1.0 5+5 fxd B-66 9.00% 1-2 Balloon adj B-68 7.25+% 2.5+ 10-25 fxd, adj,bal B-70 7.25% 1.0 5 fxd B-76 8.10% 1.0 5 fxd B-83 10.00% 2.0 5+5 fxd C-02 8.25% 1.0 up to 30 fxd C-05 *** 1-2 5+5 cust. option C-06 8.25% 1/2-1.0 5-7* fxd C-09 8.13% 1-2 7-25 fxd C-30 8.50% 1.0 5-7* fxd C-34 9.00% 1.0 5 fxd SL-15 9.50% 1.5 15 adj SL-25 9.00% 1-2 5+5 fxd SL-26 10.25% 2.0 15 fxd Avg 8.6% 1.32 11.08 - Refinanced Mortgages Instn. Rate Points Term (yrs) Type A-03 7.99% 0-1 25 adj A-04 9.50% 1.0 15 fxd A-06 7.50% .1.0 10 adj B-27 7.94% 1.0 ** ** B-29 10.00% 2.0 5-25 B-62 8.38% 1-2 5+5 adj B-63 8.00% 1.0 5+5 fxd B-66 9.00% 1-2 Balloon adj B-68 7.25+% 2.5+ 10-25 fxd, adj,bal B-70 7.25% 1.0 5 fxd B-76 8.10% 0.0 5 fxd B-83 9.25% 0-2 5 fxd C-02 8.25% 1.0 up to 30 fxd C-05 *** 1.0 5 cust.option C-06 7.25% 1/2-1.0 5-7* fxd C-09 8.13% 1-2 2-25 fxd C-30 Treas or Prime Case by case C-34 9.00% 1.0 5 fxd SL-15 9.50% 1.5 15 adj SL-25 9.00% 1-2 5+5 fxd SL-26 10.00% 2.0 10 Balloon fxd Avg 8.5% 1.21 10.94 - A, B = Savings Banks, C = Commercial Banks, SL = Savings & Loans fxd = fixed, adj = adjustable, bal = balloon up to 5 yr is adj; longer terms offered @ higher fixed rates * 0-25 year amortization table ** 5 yr fixed @ 10 yr amortization or 5 yr adjustable @ 25 yr amortization *** Follows the Treasury Bill rates with 250-350 basis point spread Source: 1996 Rent Guidelines Board Mortgage Survey