Weekly Forecast Models

8-06 4-07

1-07

1-07

1-07

7-06 4-07

8-06 1-07

8-06 1-07

1-077-07

1-077-06

Flat

Preliminary Conclusions

Major shifts During July-August 2006

Leads went FLATAve 30 rate went DOWNMarket Composite went UPRefi Index went UPRefi Percent of business went UPPurch Percent of business went DOWN

Major shifts after Q1 2007

Leads went DOWNSpots and Spots Cost went UPAve 30 rate went UPMarket Composite went DOWNRefi Index went DOWNRefi Percent of business went DOWNPurch Percent of business went UP