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| **Secondary MarketReport** | **January1998**
TABLE 4 FHA PrimaryMarket Rates**Jan 1, 1998                         Percentage of                         Field Offices   Contract   Average   Effective                           Reporting       Rate     Points       Rate                         -------------   --------   -------    --------Most Active Quote              33%         7.00%      0.56        7.07%Second Most Popular Quote      23%         7.50%      0.23        7.53%Third Most Popular Quote       20%         7.25%      0.18        7.27%All Others                     24%          N/A        N/A         N/AU.S. Average Rate             100%         7.30%      0.42        7.36%                                  Dec 1, 1997                         Percentage of                         Field Offices   Contract   Average   Effective                           Reporting       Rate     Points       Rate                         -------------   --------   -------    --------Most Active Quote              50%         7.50%      0.18        7.52%Second Most Popular Quote      14%         7.38%      0.21        7.41%Third Most Popular Quote       13%         7.00%      1.31        7.17%All Others                     23%          N/A        N/A         N/AU.S. Average Rate             100%         7.47%      0.42        7.53%                                  Nov 1, 1997                         Percentage of                         Field Offices   Contract   Average   Effective                           Reporting       Rate     Points       Rate                         -------------   --------   -------    --------Most Active Quote              52%         7.50%      0.11        7.51%Second Most Popular Quote      13%         7.75%      0.25        7.78%Third Most Popular Quote       10%         7.25%      1.04        7.39%All Others                     25%          N/A        N/A         N/AU.S. Average Rate             100%         7.56%      0.31        7.60%             Data as of: Jan 1, 1998                HFEP:  1-01-98  ***HSG/FHA Home Page | Reports Menu | Email Us***** |
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