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FANNIE MAE ANNOUNCES YIELDS

 FANNIE MAE ANNOUNCES YIELDS
 WASHINGTON, Nov. 25 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today reported its posted yields for Nov. 22, 1991. All Fannie Mae yields are quoted on a net basis. Servicing fees are not included.
 Fixed-Rate Mortgage Yields
 (30-Day Mandatory Delivery for Actual/Actual Remittances)
 Week Year
 Current Ago Ago
 Conventional
 15-Year FRM 7.980 7.95 9.43
 30-Year FRM 8.490 8.41 9.76
 FHA/VA (30-Year FRM) 8.740 8.66 10.01
 10-, 60- and 90-day yields are also available.
 Second Mortgages 7.940 7.97 9.43
 Adjustable-Rate Mortgage (30-year term) Yields
 Adjustment Interest Rate
 Period Caps Week Year Net
 (year) Per Adj. Lifetime Current Ago Ago Margin
 1 1 pct. 6 pct. 6.500 6.60 8.60 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.750 6.85 8.85 2.000 pct.
 1 (A) 2 pct. 6 pct. 5.400 5.50 7.55 2.250 pct.
 6 mos(A) 1 pct. 5 pct. 5.550 5.65 7.65 2.125 pct.
 (COF)(B)
 (A) Rate reduction
 (B) 11th District Cost of Funds indexed ARM.
 Lower yields are available for 15-year term ARMs.
 LIBOR Index Series
 Release Date 1-month 3-Month 6-Month 12-Month
 Oct. 30, 1991 5.250 5.375 5.359 5.500
 Sept. 27, 1991 5.500 5.688 5.688 5.813
 Commitment and Purchase Volumes
 ($ Millions)
 Week Previous
 Ending Year to Year to
 11/22/91 Date Date
 Commitments to Purchase(C) 1,239.1 34,065.3 20,896.8
 Purchases 1,128.0 31,427.4 20,958.5
 MBS Issued 4,888.3 99,232.3 86,170.3
 (C) Excludes standby commitments issued, but includes standbys converted.
 -0- 11/25/91
 /CONTACT: Lisa Haas of Fannie Mae, 202-752-7124/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU: DIV


MH -- DC026 -- 6981 11/25/91 15:45 EST
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Publication:PR Newswire
Date:Nov 25, 1991
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