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PRICING SUPPLEMENT DATED June 19, 2007 (To Offering Circular dated July 28, 2006) $5,000,000,000 Freddie Mac GLOBAL DEBT FACILITY Variable Rate Debt Securities Due December 26, 2008 This Pricing Supplement relates to the Debt Securities of the Federal Home Loan Mortgage Corporation (“Freddie Mac”) described below and should be read in conjunction with the Offering Circular dated July 28, 2006 and all documents incorporated by reference in the Offering Circular including Freddie Mac's Information Statement dated June 28, 2006 and any supplements to such Information Statement. Capitalized terms used in this Pricing Supplement and not otherwise defined in this Pricing Supplement have the meanings given to them in the Offering Circular. The Debt Securities are not suitable investments for all investors. In particular, no investor should purchase the Debt Securities unless the investor understands and is able to bear the yield, market and liquidity risks associated with the Debt Securities. See “Risk Factors - The Debt Securities May Not Be Suitable For You” in the Offering Circular. The Debt Securities are obligations of Freddie Mac only. The Debt Securities, including any interest or return of discount on the Debt Securities, are not guaranteed by, and are not debts or obligations of, the United States or any agency or instrumentality of the United States other than Freddie Mac. Because of applicable U.S. securities law exemptions, we have not registered the Debt Securities with any U.S. federal or state securities commission. No U.S. securities commission has reviewed the Offering Circular or this Pricing Supplement. The Debt Securities are not tax-exempt. Non-U.S. owners generally will be subject to the United States federal income and withholding tax unless they establish an exemption. Any discussion of tax issues set forth in this Pricing Supplement and the related Offering Circular was written to support the promotion and marketing of the transactions described in this Pricing Supplement. Such discussion was not intended or written to be used, and it cannot be used, by any person for the purpose of avoiding any tax penalties that may be imposed on such person. Each investor should seek advice based on its particular circumstances from an independent tax advisor. 2 Certain Debt Securities Terms 1. Title: Variable Rate Debt Securities Due December 26, 2008 2. Form: Book-Entry 3. Specified Payment Currency: a. Specified Interest Currency: U.S. dollars b. Specified Principal Currency: U.S. dollars 4. Aggregate Original Principal Amount: $5,000,000,000 5. Issue Date: June 26, 2007 6. Denominations: $100,000, and additional increments of $1,000 7. Maturity Date: December 26, 2008 8. Amount Payable on the Maturity Date: Fixed Principal Repayment Amount 100% of principal amount 9. Subject to Redemption or Repayment Prior to Maturity Date: No 10. Payment Terms of the Debt Securities: Variable Rate Debt Securities 11. Interest: Applicable Interest Rate Index: Index Currency: Index Maturity: Designated Telerate Page: Reset Date: LIBOR Determination Date: Spread: Interest Rate: Initial Interest Rate: Day Count Convention: Payment of Interest: 13864-3128X6FC5 LIBOR U.S. dollars 3-Month 3750 Quarterly, on the 26th day of March, June, September and December, commencing September 26, 2007. The second London Banking Day preceding the applicable Reset Date. Minus 17 basis points (-0.17 percentage points) 17 basis points below LIBOR (as defined in the Offering Circular) for the Index Currency at the Index Maturity, subject to a minimum interest rate of 0.00%. The Interest Rate will be adjusted on each Reset Date to reflect LIBOR for the Index Currency at the Index Maturity as of the applicable LIBOR Determination Date. The initial interest rate for the Debt Securities applicable from, and including, the Issue Date to, but excluding, the first Reset Date, will be equal to LIBOR for the Index Currency at the Index Maturity two London Banking Days prior to the Issue Date, minus 17 basis points, subject to the “Interest Rate” provisions above. Actual/360 with no adjustment for period end dates Quarterly, in arrears, on the 26th day of March, June, September and December (each such date, an “Interest Payment Date”) commencing September 26, 2007. 3 Additional Information Relating to the Debt Securities 1. Identification Number(s): a. CUSIP: 3128X6FC5 b. ISIN: US3128X6FC57 c. Common Code: 30835921 2. Listing Application: No 3. Governing Law: The Debt Securities will be governed by the federal laws of the United States. The local laws of the State of New York will be deemed to reflect the federal laws of the United States, unless there is applicable precedent under federal law or the application of New York law would frustrate the purposes of the Freddie Mac Act or the Global Debt Facility Agreement. 1. Pricing Date: June 19, 2007 2. Method of Distribution: 3. Dealer Offering Principal Underwriting Commitment Citigroup Global Markets Inc. Total. . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000,000,000 $5,000,000,000 4. Fixed Offering Price: 100%, plus accrued interest, if any, from the Settlement Date 5. Purchase Price to Dealer: 100.00% of principal amount Concession: N/A Reallowance: N/A 6. Issuance expenses: Expected to be approximately $1,000, payable by Freddie Mac. Settlement 1. Settlement Date: June 26, 2007 2. Settlement Basis: Delivery versus payment 3. Settlement Clearing System: U.S. Federal Reserve Banks Euroclear Clearstream, Luxembourg 13864-3128X6FC5 4 RISK FACTORS An investment in the Debt Securities entails certain risks not associated with an investment in conventional fixed rate debt securities. See “Risk Factors” generally and “-Various Factors Could Adversely Affect the Trading Value and Yield of Your Debt Securities” in the Offering Circular. The interest rate of the Debt Securities will be based on LIBOR for, as described above. Investors should consider the risk that the variable interest rate on the Debt Securities may be less than that payable on a conventional fixed rate debt security issued by Freddie Mac at the same time. The secondary market for, and the market value of, the Debt Securities will be affected by a number of factors independent of the creditworthiness of Freddie Mac, including the level and direction of interest rates, the variable rate of interest payable on the Debt Securities, the anticipated level and potential volatility of 3-Month LIBOR, the method of calculating 3-Month LIBOR, the time remaining to the maturity of the Debt Securities, the aggregate principal amount of the Debt Securities and the availability of comparable instruments. The level of 3-Month LIBOR depends on a number of interrelated factors, including economic, financial and political events, over which Freddie Mac has no control. The following table, showing the level of 3-Month LIBOR in effect for the Hypothetical LIBOR Determination Dates listed below, illustrates the variability of that rate: Historical Levels of USD 3-Month LIBOR Hypothetical Determination Date 6/24/2005 9/24/2005 12/24/2005 3/24/2006 6/24/2006 9/24/2006 12/24/2006 3/24/2007 3-Month LIBOR Percentage 3.47813 3.97000 4.52000 4.96000 5.48000 5.37063 5.36000 5.35000 The historical experience of 3-Month LIBOR should not be taken as an indication of the future performance of 3-Month LIBOR during the term of the Debt Securities. Fluctuations in the level of 3-Month LIBOR make the Debt Securities interest rates difficult to predict and can result in actual interest rates to investors that are lower than anticipated. In addition, historical interest rates are not necessarily indicative of future interest rates. Fluctuations in interest rates and interest rate trends that have occurred in the past are not necessarily indicative of fluctuations that may occur in the future, which may be wider or narrower than those that have occurred historically. Investors should have the financial status and, either alone or with a financial advisor, the knowledge and experience in financial and business matters sufficient to evaluate the merits and to bear the risks of investing in the Variable Rate Debt Securities in light of each investors particular circumstances. See “Risk Factors - The Debt Securities May Not Be Suitable For You” and “ - Various Factors Could Adversely Affect the Trading Value and Yield of Your Debt Securities - Variable Rate Debt Securities” in the Offering Circular. Prospective investors also should consult their own tax and legal advisors as to the tax consequences of holding, owning and disposing of the Debt Securities. See “Certain United States Federal Tax Consequences” in the Offering Circular. 13864-3128X6FC5