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| **Secondary Market Report** | **April 1998**TABLE 2 Most Frequently Quoted Contract Rates and Yieldsfor FHA Mortgages Sold in the Secondary Market**Table 2->            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%        Jun    8.00%     8.03%        Jul    8.00%     8.00%        Aug    8.00%     8.09%        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: Apr 1, 1998                          HFEP: 4-01-98**HSG/FHA Home Page | Reports Menu | Email Us
Date Last Modified: 05/22/98**** |
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