Fannie Mae sells $2 bln bills at lower rates

NEW YORK Nov 18 (Reuters) - Fannie Mae FNM.N FNM.P, the largest U.S. home funding source, on Wednesday said it sold $2 billion of benchmark bills at lower interest rates compared with the same maturities auctioned a week ago.

Fannie Mae sold $1 billion of three-month bills due Feb. 17, 2010 at a stop-out rate, or lowest accepted rate, of 0.075 percent, and $1 billion of six-month bills due May 19, 2010 at a 0.170 percent stop-out rate.

On Nov. 12, Fannie Mae auctioned $2 billion of three-month bills at a 0.093 percent rate, and $1 billion of six-month bills at a 0.183 percent rate.

The new three-month bills were priced at 99.981 for a money market yield of 0.075 percent. The six-month bills were priced at 99.914 with a money market yield of 0.170 percent, according to Fannie Mae.

Settlement is Nov. 18-19. (Reporting by Pam Niimi; Editing by James Dalgleish)