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|**Secondary Market Report** | **August 1998**
|--------------------------- | ---------------



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### TABLE 2
Most Frequently Quoted Contract Rates and Yields
for FHA Mortgages Sold in the Secondary Market



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`==========================================================
           Contract  Average            Contract  Average
Year       Rate      Yield 1/   Year    Rate      Yield 1/
--------   --------  --------   -----   ------    --------
1993 Jan   8.00%     8.12%  1996  Jan   7.50%     7.52%
  Feb      8.00%     8.04%        Feb   7.00%     7.11%
  Mar      7.50%     7.55%        Mar   7.50%     7.57%
  Apr      7.50%     7.57%        Apr   8.00%     8.09%
  May      7.50%     7.56%        May   8.50%     8.52% 
  Jun      7.50%     7.59%        Jun   8.50%     8.57% 
  Jul      7.50%     7.52%        Jul   8.50%     8.55% 
  Aug      7.50%     7.51%        Aug   8.50%     8.56% 
  Sep      7.00%     7.02%        Sep   8.50%     8.58% 
  Oct      7.00%     7.03%        Oct   8.50%     8.56% 
  Nov      7.00%     7.08%        Nov   8.00%     8.00% 
  Dec      7.50%     7.51%        Dec   8.00%     8.14% 
                                                        
1994 Jan   7.50%     7.52%  1997  Jan   8.00%     8.06% 
  Feb      7.00%     7.05%        Feb   8.00%     8.06% 
  Mar      7.50%     7.59%        Mar   8.00%     8.08% 
  Apr      8.50%     8.57%        Apr   8.50%     8.55% 
  May      8.50%     8.63%        May   8.50%     8.56% 
  Jun      8.50%     8.63%        Jun   8.00%     8.05% 
  Jul      9.00%     9.03%        Jul   8.00%     8.02% 
  Aug      8.50%     8.65%        Aug   7.50%     7.61% 
  Sep 2/   8.50%     8.66%        Sep   8.00%     8.02% 
  Sep 2/   9.00%     9.03%        Oct   7.50%     7.52% 
  Oct      9.00%     9.10%        Nov   7.50%     7.53% 
  Nov      9.00%     9.23%        Dec   7.50%     7.51% 
  Dec      9.50%     9.53%                                      
                                                        
1995 Jan   9.50%     9.54%  1998  Jan   7.00      7.17% 
  Feb      9.00%     9.10%        Feb   7.00      7.08% 
  Mar      9.00%     9.05%        Mar   7.00      7.06% 
  Apr      8.50%     8.60%        Apr   7.00      7.09% 
  May      8.50%     8.56%        May   7.25      7.37% 
  Jun      8.00%     8.03%        Jun   7.00      7.07% 
  Jul      8.00%     8.00%        Jul   7.00      7.07% 
  Aug      8.00%     8.09%        Aug   7.00      7.05% 
  Sep      8.00%     8.03%                                      
  Oct      8.00%     8.03%                                      
  Nov      7.50%     7.61%                                      
  Dec      7.50%     7.51%                                      
                                                        

1/-Gross yield to investors, without allowance for servicing costs                                                      
   based on prepayment of the mortgage at the end of 12 years.                                                  
2/-The September 1, 1994 survey found two rates reported with equal                                                     
   frequency, evenly balanced between 8.50 and 9.00 percent.                                                    

   Data as of:  Aug 1, 1998                     HQE:  8-01-98`