Freddie Mac

Freddie Mac is like a big piggy bank that helps people buy houses. When you grow up, you might want to buy your own house, but houses are very expensive. Most people don't have enough money to buy a house all at once, so they need to borrow money from someone else. That's where Freddie Mac comes in.

Freddie Mac has a lot of money that it has saved up from lots of people putting their money in it. This makes it easier for people to get a loan to buy a house. When you want to buy a house, you go to a bank and ask for a loan. The bank might not have enough money to give you the whole loan, so they ask Freddie Mac to help them out. Freddie Mac gives the bank some of the money they need, and the bank gives you the loan to buy your house.

Freddie Mac makes it easier for banks to give loans to people who want to buy a house. This is important because if people can't get loans, they can't buy houses. If people can't buy houses, the people who build houses don't have anyone to sell their houses to. This means the people who build houses might not have jobs. And if they don't have jobs, they can't make money, which is not good for anyone.

So, Freddie Mac helps keep the housing market moving and helps people achieve their dream of owning a home.