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FANNIE MAE REPORTS POSTED YIELDS

 FANNIE MAE REPORTS POSTED YIELDS
 WASHINGTON, Dec. 23 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today reported its posted yields for Dec. 20, 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 7.620 7.79 9.18
 30-Year FRM 8.090 8.29 9.56
 FHA/VA (30-Year FRM) 8.340 8.54 9.81
 10-, 60- and 90-day yields are also available.
 Second Mortgages 7.520 7.63 9.08
 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. 6.050 6.20 8.25 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.300 6.45 8.50 2.000 pct.
 1(A) 2 pct. 6 pct. 4.950 5.10 7.25 2.250 pct.
 6 mos(A)
 (COF)(B) 1 pct. 5 pct. 5.100 5.25 7.30 2.125 pct.
 (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
 Nov. 27, 1991 4.813 5.000 4.938 5.063
 Oct. 30, 1991 5.250 5.375 5.359 5.500
 Commitment and Purchase Volumes ($Millions)
 Week Previous
 Ending Year to Year to
 12/20/91 Date (B) Date
 Commitments to Purchase(A) 1,198.6 38,912.3 23,302.8
 Purchases 1,330.4 35,475.5 23,053.7
 MBS Issued 2,845.0 108,169.5 94,449.8
 (A) Excludes standby commitments issued, but includes standbys converted.
 (B) Adjusted for November actuals.
 -0- 12/23/91
 /CONTACT: Lisa Haas of Fannie Mae, 202-752-7124/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


MK -- DC014 -- 4964 12/23/91 16:38 EST
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Publication:PR Newswire
Date:Dec 23, 1991
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