Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Period for Compounding

Short-Term

AFR

4.19%

4.15%

4.13%

4.11%

110% AFR

4.62%

4.57%

4.54%

4.53%

120% AFR

5.04%

4.98%

4.95%

4.93%

130% AFR

5.47%

5.40%

5.36%

5.34%

AFR

4.35%

4.30%

4.28%

4.26%

110% AFR

4.79%

4.73%

4.70%

4.68%

120% AFR

5.23%

5.16%

5.13%

5.11%

130% AFR

5.67%

5.59%

5.55%

5.53%

150% AFR

6.55%

6.45%

6.40%

6.36%

175% AFR

7.67%

7.53%

7.46%

7.41%

AFR

4.88%

4.82%

4.79%

4.77%

110% AFR

5.37%

5.30%

5.27%

5.24%

120% AFR

5.86%

5.78%

5.74%

5.71%

130% AFR

6.37%

6.27%

6.22%

6.19%

Adjusted AFR for October 2007

Period for Compounding

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

3.60%

3.57%

3.55%

3.54%

Mid-term adjusted AFR

3.79%

3.75%

3.73%

3.72%

Long-term adjusted AFR

4.49%

4.44%

4.42%

4.40%

Rates Under Section 382 for October 2007

Adjusted federal long-term rate for the current month

4.49%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months).

4.50%

Appropriate Percentages Under Section 42(b)(2) for October 2007

Appropriate Percentage for the 70% present value low-income housing credit

8.07%

Appropriate Percentage for the 30% present value low-income housing credit

3.46%

Rate Under Section 7520 for October 2007

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.2%