CURRENT MORTGAGE ORIGINATION PROGRAM INTEREST RATE: 3.70%

The Mortgage Origination Program (MOP) provides a 30-year variable rate mortgage loan with an initial rate equal to the most recent four quarter average rate of return of the University's Short-Term Investment Pool (STIP) plus an administrative fee of 0.25% which is included in the rate shown below. STIP was established in fiscal 1976 and is an interest-only cash investment pool in which all University fund groups participate, including current funds earmarked to meet payrolls, operating expenses, and construction at all campuses and teaching hospitals of the University.

Listed below are the MOP rates in effect for the most recent four quarters: