What is Freddie Mac?
Freddie Mac computer – commercially the brand new Federal Home loan Financial Agency (FHLMC) – is one of a few big participants regarding second financial industry. Others are Fannie mae.
In essence, Fannie and you can Freddie pick mortgage loans regarding lenders. Consequently, men and women loan providers have more currency open to financing home sales.
The two teams build homeownership possible for and endless choice of home loan people regarding U.S. Throughout the 66% of these, indeed.
Freddie Mac computer and Fannie mae also are an element of the cause Western home owners appreciate basically low interest rates towards the mortgage loans.
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