Interest Rate Update

Excerpts from HSH Associates Newsletter for the week ending 11/24/06:

Little fresh economic data, left mortgage rates little changed at the close of this shortened week: the average 30-year fixed rate mortgage (FRM) shedded three basis points to close the nation’s leading survey of mortgage pricing at 6.30%. Hybrid five-one ARMs declined by a like amount, finishing the poll at an average 6.12%. The economic data that became available this week failed to have any significant impact on markets as none of it fell outside of expectations and changed little from their previous readings.

                                                               Fixed Rate               Variable

Survey Area	15 Year	30 Year	Composite	1 Year	Composite
NW/National	6.00%	6.30%	6.16%	5.87%	6.07%
CA/Statewide	6.08%	6.36%	6.23%	5.96%	6.06%

Data above include both conforming and jumbo loans for “A” credit borrowers and include a wide range of LTV and discount structures.