| You are here: | About>News & Issues>US Economy> Government Agencies> Freddie Mac Profile - What FHLMC Is and How the Federal Home Loan Mortgage Corporation Helps You |
![]() | US Economy |
Freddie Mac Related LinksFannie MaeHow Mortgage Rates Are SetThe Role of Housing in the U.S. Economy Freddie Mac Related Web SitesFreddie Mac Home PageMore Ways Freddie Mac Affects the EconomyFreddie Mac Home Buyer Guide Federal Home Loan Mortgage Corp. (FHLMC)What Freddie Mac Is: Freddie Mac is the Federal Home Loan Mortgage Corporation, or FHLMC. It was created by the
Emergency Home Finance Act of 1970 to create a secondary market for
conventional mortgages. It then packages these into mortgage-backed securities, and resells them to investors in the stock market. It is listed on the NYSE. What Freddie Mac Does: Freddie Mac affects the U.S. Economy by;
How Freddie Mac Affects You: Freddie Mac lowers the interest rates on the mortgages you get from the bank. In fact, it estimates it
lowers the rate .5%, which translates to a $12,000 over the life of a $100,000 loan.
Freddie Mac also provides monthly housing market analyses. If you are thinking of buying or selling a home, take a look at their reports to get a better idea of what is happening in the real estate market, and to look at current interest rates. Freddie Mac Related LinksFannie MaeHow Mortgage Rates Are SetThe Role of Housing in the U.S. Economy Freddie Mac Related Web SitesFreddie Mac Home PageMore Ways Freddie Mac Affects the EconomyFreddie Mac Home Buyer Guide |
|
All Topics | Email Article | | | ![]() |
| Advertising Info | News & Events | Work at About | SiteMap | Reprints | Help | Our Story | Be a Guide |
| User Agreement | Ethics Policy | Patent Info. | Privacy Policy | ©2008 About, Inc., A part of The New York Times Company. All rights reserved. |


