Freddie Mac Prices New $4 Billion Two-Year Reference Notes(R) Security

MCLEAN, Va., May 21 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE)
announced today that it priced its new 2.875% $4 billion two-year USD
Reference Notes(R) security due on June 28, 2010. The issue, CUSIP number
3137EABL2, was priced at 99.973 to yield 2.887%, or 53 basis points more
than two-year U.S. Treasury Notes. The issue will settle on May 23, 2008.

The new two-year Reference Notes security was offered via a syndicate
of dealers headed by Credit Suisse, Deutsche Bank Securities, Inc. and
Merrill Lynch. An application was made to list the issue on the Euro MTF
market of the Luxembourg Stock Exchange.

Including today's offering, Freddie Mac has issued 6 billion of
Reference Notes securities during 2008 and has approximately 51 billion
in Reference Notes and Reference Bonds(R) securities outstanding.

This announcement is neither an offer to sell nor a solicitation of
offers to buy any of these securities. Any such offering will be made only
by an offering circular and pricing supplement.

Freddie Mac is a stockholder-owned corporation established by Congress
in 1970 to support homeownership and rental housing. Freddie Mac purchases
single-family and multifamily residential mortgages and mortgage-related
securities, which it finances primarily by issuing mortgage-related
securities and debt instruments in the capital markets. Over the years,
Freddie Mac has made home possible more than 50 million times, ensuring
financing for one in six homebuyers and more than four million renters.



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Source: Real Estate Newswire