Meaning of “Freddie Mac” in the English Dictionary

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"Freddie Mac" in Business English

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