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| **Secondary MarketReport** | **April 1998**
TABLE 5 AverageInterestRates on Conventional First Mortgages **New Home Loans              Existing Home Loans                ----------------------        ----------------------                Apr'98  Mar'98  Apr'97        Apr'98  Mar'98  Apr'97                ----------------------        ----------------------Northeast        6.96%   7.23%   8.11%         6.96%   7.20%   8.11%Middle Atlantic  7.23%   7.19%   8.23%         7.23%   7.19%   8.18%Southeast        7.19%   7.16%   8.27%         7.19%   7.16%   8.27%North Central    7.17%   7.21%   8.36%         7.27%   7.21%   8.38%Southwest        7.36%   7.35%   8.23%         7.34%   7.35%   8.24%West             7.01%   7.18%   8.24%         7.00%   7.17%   8.24%United States    7.16%   7.22%   8.25%         7.17%   7.22%   8.25%                           United States Average                      ---------------------------                          New          Existing                       Home Loans     Home Loans                      ---------       -----------1984    High/Low      14.65/13.20     14.67/13.211985    High/Low      13.26/11.56     13.28/11.581986    High/Low      11.03/ 9.47     11.03/ 9.471987    High/Low      10.84/ 9.04     10.87/ 9.041988    High/Low      10.55/ 9.80     10.56/ 9.811989    High/Low      10.93/ 9.70     10.95/ 9.691990    High/Low      10.46/ 9.75     10.48/ 9.761991    High/Low       9.66/ 8.67      9.65/ 8.661992    High/Low       8.91/ 7.95      8.92/ 7.951993    High/Low       8.19/ 6.89      8.19/ 6.891994    High/Low       9.34/ 7.13      9.34/ 7.131995    High/Low       9.32/ 7.46      9.33/ 7.461996    High/Low       8.67/ 7.73      8.65/ 7.731997    High/Low       8.25/ 7.38      8.25/ 7.39    Data as of: April 1, 1998                           HFEP: 4-01-98***HSG/FHA Home Page | Reports Menu | Email Us***** |
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