FREDDIE MAC PRICES NEW $4 BILLION TWO-YEAR AND $4 BILLION 10-YEAR REFERENCE NOTES® SECURITIES

McLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced its new 4.375% $4 billion two-year USD Reference Notes® security due on November 16, 2007. The issue, CUSIP number 3134A4VF8, was priced at 99.799 to yield 4.476%, or 24.5 basis points more than two-year U.S. Treasury Notes.

Freddie Mac also announced that it priced its new 4.750% $4 billion 10-year USD Reference Notes security due on November 17, 2015. The issue, CUSIP number 3134A4VG6, was priced at 99.379 to yield 4.828%, or 36.5 basis points more than 10-year U.S. Treasury Notes. Both Reference Notes securities issues will settle on October 21, 2005.

"Coming to the market with larger new issue sizes of $4 billion underscores our continued commitment to issuing liquid securities, which enables us to attract global capital to the U.S. housing finance system," said John Radwanski, Freddie Mac assistant treasurer and vice president, debt funding. "Global investor participation in these offerings was strong, accounting for approximately half the orders, illustrating substantial investor interest in our debt products across the yield curve."

The new two-year Reference Notes security was offered via a syndicate of dealers headed by joint-leads Banc of America Securities, Credit Suisse First Boston and RBS Greenwich Capital. The new 10-year Reference Notes security was offered via a syndicate of dealers headed by joint-leads Deutsche Bank Securities, Inc., Goldman Sachs Group and Lehman Brothers.

Including today's new offerings, Freddie Mac has issued $40.1 billion of Reference Notes securities during 2005 and has approximately $209.9 billion in Reference Notes and Reference Bonds® 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 company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing 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 for one in six homebuyers and four million renters in America.

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