FREDDIE MAC PRICES $2.0 BILLION REFERENCE REMIC^SM R007

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it priced $2.0 billion of Reference REMIC^SM R007, Class AC, CUSIP 31396NPF7, a Guaranteed Maturity Class (GMC) with a class coupon of 5.875% and a final maturity date of May 15, 2016. The GMC issue was priced at 99.92968750 to yield 5.8992%, or 90 basis points over the interpolated Treasury curve. Settlement is scheduled for Friday, May 19, 2006. Freddie Mac guarantees the timely payment of principal and interest on its Reference REMIC securities.

Goldman Sachs Group, Merrill Lynch and RBS Greenwich Capital served as the lead underwriters for Reference REMIC R007.  Co-managers of the transaction were Barclays Capital, Inc., Bear, Stearns & Co. Inc., Citigroup Global Markets, Inc., Deutsche Bank Securities, Inc. and J.P. Morgan Chase. The transaction also involved a selling group.

Information about the REMIC, of which the GMC is a part, is available in the Offering Circular Supplement on the Mortgage Securities page of the company's Web site at www.FreddieMac.com/mbs. The Offering Circular Supplement can be obtained by entering “R007” in the REMIC Prospectus Lookup box.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Information Statement and related supplements.

Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Information Statement dated June 14, 2005, and related Information Statement Supplements, which are available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors.

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 more than four million renters in America.

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