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FANNIE MAE REPORTS POSTED YIELDS

 WASHINGTON, Dec. 28 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today reported its posted yields for Dec. 24, 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 7.470 7.46 7.53
 30-Year FRM 7.960 7.93 8.02
 FHA/VA (30-Year FRM) 8.210 8.18 8.27
 10-, 60- and 90-day yields are also available.
 Second Mortgages 7.470 7.47 7.49
 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. 6.300 6.35 6.00 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.550 6.60 6.25 1.750 pct.
 1(A) 2 pct. 6 pct. 5.200 5.25 4.90 2.250 pct.
 6 mos(A)
 (COF)(B) 1 pct. 5 pct. 5.400 5.45 5.05 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. 25, 1992 3.172 3.891 3.891 4.141
 Oct. 29, 1992 3.281 3.625 3.641 3.938
 Commitment and Purchase Volumes ($Millions)
 Week Previous
 Ending Year to Year to
 12/24/92 Date Date
 Commitments to Purchase(A) 921.7 75,229.4 39,044.5
 Purchases 1,649.0 74,022.6 35,989.7
 MBS Issued 801.6 193,467.6 110,474.5
 (A) Excludes standby commitments issued, but includes standbys converted.
 -0- 12/28/92
 /CONTACT: Polly Shannon of Federal National Mortgage Association, 202-752-6707/
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:

IH -- DC006 -- 0102 12/28/92 14:17 EST
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Date:Dec 28, 1992
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