Freddie mac interest rates Meaning and Definition
Freddie Mac Interest Rates
Pronunciation
/ˈfredddē ˈmæk ɪnˈtɪrst rat ɪts/
Part of Speech
Noun
Definition
A type of mortgage interest rate set by Freddie Mac, a government-sponsored enterprise that purchases and securitizes mortgages, which influences the overall state of the mortgage market and is an indicator of economic conditions.
Examples
- The housing market was affected by the recent Freddie Mac interest rate adjustments.
- Freddie Mac interest rates had a significant impact on the number of homes that were being purchased.
Synonyms
- Mortgage Rate
- Fixed Rate
Antonyms
- Variable Rate
- Adjustable Rate
Etymology
Freddie Mac is derived from the nickname of the Federal Home Loan Mortgage Corporation, which was an idea of President Franklin D. Roosevelt’s New Deal in the 1930s.
Usage Notes
Freddie Mac interest rates are typically used as a benchmark for homeowners and investors to gauge the direction of the mortgage market.
Cultural References
Freddie Mac interest rates have been mentioned in various news outlets, including CNBC, Bloomberg, and The Wall Street Journal.
Idiomatic Expressions or Phrases
Freddie Mac interest rates are often used in financial news and market analysis.
Related Words or Phrases
- Mortgage
- Interest Rate
- Economy
Collocations
- Freddie Mac interest rates impacted the housing market.
- The fluctuation of Freddie Mac interest rates was a major economic concern.
Frequency of Use
Freddie Mac interest rates are frequently mentioned in financial news and market analysis, but their usage is specific to the mortgage industry.
Common Misspellings
- Freddie May Interest Rates
- Freddie Mack Interest Rates