Fannie Mae sells $1 bln bills at higher rates

NEW YORK Nov 17 (Reuters) - Fannie Mae (FNMA.OB), the largest U.S. home funding source, said on Wednesday it sold $1 billion of benchmark bills at higher interest rates compared with last week's sale of similar maturities.

Fannie Mae sold $500 million of three-month bills, due Feb. 16, 2011, at a 0.145 percent stop-out rate, or lowest accepted rate, up from a 0.139 percent rate for $500 million three-month bills sold Nov. 10.

The agency also sold $500 million of six-month bills due May 18, 2011, at a 0.182 percent stop-out rate, also up from 0.169 percent for last week's sale of $500 million of six-month bills.

The three-month bills were priced at 99.963 with a money market yield of 0.145 percent. The six-month bills were priced at 99.908 with a money market yield of 0.182 percent.

Settlement is Nov. 17-18. (Reporting by Caryn Trokie; Editing by James Dalgleish)