FREDDIE MAC DECLARES QUARTERLY DIVIDENDS

McLean, VA – The board of directors of Freddie Mac (NYSE: FRE) today declared a quarterly dividend on the corporation's voting common stock of $0.50 per share. The board also declared the following quarterly dividends on the corporation's preferred stock:

Description	CUSIP	NYSE Symbol	Dividend Per Share
1996 Variable Rate	313 400 608	FRE.prB	$0.59
6.14% (1997)	313 400 806	FRE.prD	$0.7675
5.81% (1997)	313 400 889	Not Listed	$0.72625
5% (1998)	313 400 863	FRE.prF	$0.625
1998 Variable Rate	313 400 848	FRE.prG	$0.59
5.1% (1998)	313 400 855	FRE.prH	$0.6375
5.3% (1998)	313 400 822	Not Listed	$0.6625
5.1% (1999)	313 400 814	Not Listed	$0.6375
5.79% (1999)	313 400 830	FRE.prK	$0.72375
1999 Variable Rate	313 400 798	FRE.prL	$0.4475
2001 Variable Rate (Jan)	313 400 780	FRE.prM	$0.49125
2001 Variable Rate (Mar)	313 400 764	FRE.prN	$0.64528
5.81% (2001)	313 400 772	FRE.prO	$0.72625
6% (2001)	313 400 749	FRE.prP	$0.75
2001 Variable Rate (May)	313 400 756	FRE.prQ	$0.48125
5.7% (2001)	313 400 731	FRE.prR	$0.7125
5.81% (2002)	313 400 723	Not Listed	$0.72625
2006 Variable Rate	313 400 715	FRE.prS	$0.75
6.42% (2006)	313 400 699	FRE.prT	$0.8025
5.9% (2006)	313 400 681	FRE.prU	$0.303

The fourth quarter dividends will be payable on December 29, 2006, to stockholders of record as of December 18, 2006. For additional information about Freddie Mac, please see our Web site at www.FreddieMac.com/investors.

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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