Fannie Mae sells $4 bln bills at higher rates

NEW YORK, Nov 12 (Reuters) - Fannie Mae (FNM.N) (FNM.P), the largest U.S. home funding source, on Thursday said it sold $4 billion of benchmark bills at higher interest rates than for the same maturities auctioned a week ago.

Fannie Mae sold $2 billion of three-month bills due Feb. 10, 2010 at a stop-out rate, or lowest accepted rate, of 0.093 percent and $2 billion of six-month bills due May 12, 2010 at a 0.183 percent stop-out rate.

On Nov. 4, Fannie Mae auctioned $2 billion of three-month bills at a 0.080 percent rate and $1 billion of six-month bills at a 0.175 percent rate.

The new three-month bills were priced at 99.977 for a money market yield of 0.093 percent. The six-month bills were priced at 99.908 with a money market yield of 0.183 percent, according to Fannie Mae.

The sale usually occurs on Wednesdays, but due to the Veterans Day holiday, the bills were sold on Thursday.

Settlement is Nov. 12-13. (Reporting by Caryn Trokie; Editing by James Dalgleish)