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FANNIE MAE REPORTS POSTED YIELDS

 FANNIE MAE REPORTS POSTED YIELDS
 WASHINGTON, May 18 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today reported its posted yields for May 15, 1992. 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 7.900 8.02 9.05
 30-Year FRM 8.390 8.45 9.41
 FHA/VA (30-Year FRM) 8.640 8.70 9.66
 10-, 60- and 90-day yields are also available.
 Second Mortgages 7.910 8.07 8.96
 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. 6.550 6.65 7.80 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.800 6.90 8.05 2.000 pct.
 1(A) 2 pct. 6 pct. 5.450 5.55 6.70 2.250 pct.
 6 mos(A)
 (COF)(B) 1 pct. 5 pct. 5.650 5.75 6.85 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
 April 29, 1992 3.969 4.078 4.266 4.703
 March 30, 1992 4.250 4.375 4.547 5.063
 Commitment and Purchase Volumes ($Millions)
 Week Previous
 Ending Year to Year to
 05/15/92 Date(A) Date
 Commitments to Purchase(A) 1,121.5 28,647.7 12,436.7
 Purchases 1,428.1 27,597.6 10,546.3
 MBS Issued 7,708.3 72,802.3 31,532.5
 (A) Excludes standby commitments issued, but includes standbys converted.
 -0- 5/18/92
 /CONTACT: Lisa Haas of the Federal National Mortgage Association, 202-752-3580/
 (FNM) CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:


TW -- DC018 -- 1346 05/18/92 12:39 EDT
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Date:May 18, 1992
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