FREDDIE MAC PRICES $1.24 BILLION REFERENCE REMIC® R011

McLean, VA – Freddie Mac (NYSE:FRE) today announced that it priced $1.24 billion of Reference REMIC® R011, CUSIP 31397G7M6, a Guaranteed Maturity Class (GMC) with a class coupon of 5.50% and a final maturity date of December 15, 2020. The GMC issue was priced at 99.88671875 to yield 5.5357%, or 95 basis points over the interpolated Treasury curve. Settlement is scheduled for Monday, April 23, 2007. Freddie Mac guarantees the principal and interest on its Reference REMIC securities.

Credit Suisse, Deutsche Bank Securities, Inc. and Merrill Lynch & Co. served as the lead underwriters for Reference REMIC R011. Co-managers of the transaction were Citigroup Global Markets, Inc., Morgan Stanley and RBS Greenwich Capital. 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 “R011” in the REMIC Prospectus Lookup box.

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 by an offering circular and related supplements and offering circular supplements, which incorporate Freddie Mac’s Information Statement and related supplements.

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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