Meaning of “Freddie Mac” in the English Dictionary

british dictionary

"Freddie Mac" in British English

See all translations

Freddie Macnoun

uk /fred.i ˈmæk/ us /fred.i ˈmæk/ trademark

Federal Home Loan Mortgage Corporation: a US government organization that buys and sells loans (= money that has been borrowed) on the financial markets in order to raise more money to lend to home buyers

Compare

(Definition of “Freddie Mac” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"Freddie Mac" in Business English

See all translations

Freddie Macnoun

uk us trademark FINANCE

short for Federal Home Loan Mortgage Corporation: a government organization in the US that buys and sells loans on the financial markets in order to raise more money to lend to home buyers:

Freddie Mac said the 15-year mortgage rate rose to 8.46% from 8.45%.
See also

(Definition of “Freddie Mac” from the Cambridge Business English Dictionary © Cambridge University Press)