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     Week Ending: Dedember, 3
Average Rate   Average Points
30 year FRM       5.810          0.6
15 Year FRM       5.230          0.6
1 year ARM       4.190          0.6
     Week Ending: November, 26
Average Rate     Average Points
30 year FRM       5.720          0.6
15 Year FRM       5.150          0.6
1 year ARM       4.270          0.7
     1 year Ago (12/05/2003)
Average Rate     Average Points
30 year FRM       6.020          0.6
15 Year FRM       5.360          0.6
1 year ARM       3.770          0.6


Alan Greenspan Says Certainty of Fixed-Rate Mortgages May Not Be Worth Cost

( From  THE WALLS STREET JOURNAL Feb. 23, 2004)
Federal Reserve Chairman Alan Greenspan questioned whether Americans homeowners clearly like the certainty of fixed mortgage payments,with a typical fixed-rate mortgages rather than adjustable mortgage during the past decade even though higher interest rates that increase their payment. Paying thousands of dollars a year for a fixed rate benefit. Mr. Greenspan states said homeowner may pay 0.5 to 1.2 percentage points more then they other wise would if they held adjustable mortgage rather than a fixed mortgage.


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