Capital Markets Intern - Summer 2026

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.

Position Overview:

This program is a ten-week internship crafted to provide interns with the opportunity to gain an outstanding experience working across a broad spectrum of Freddie Mac’s key capital markets desks. The key focus is to develop future portfolio managers by providing real world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge. Interns will get a chance to learn, be mentored by and work alongside best-in-class professionals on various desks to analyze and support our mission of Making Home Possible. Your placement for the summer will be on a desk that falls within one of these two buckets: 

Front-End: 

• Gain knowledge of how Freddie Mac prices its business through upfront loan pricing, pool securitization and unsecured debt funding through working on Cash Window  

Credit Risk:  

• Learning how Freddie Mac manages its credit risk, through rotating on one of the securitized products related desks, including STACR, ACIS, Servicing Capital Markets and Loan Portfolio Management and Structuring 

Our Impact:

Freddie Mac’s Single Family and Capital Markets Divisions are responsible for handling the ~$3.4 trillion mortgage guarantee and investment portfolios through secondary mortgage market activities such as asset-liability management, loan purchases, servicing transactions, securitization, debt issuance and credit risk transfer. 

You'll be part of a team that is intellectually curious, creative, analytical, and passionate about markets, managing risk and adding value to the overall firm. We provide the cash flow, financing, trading and capital market expertise that allows the company to achieve its stated mission of providing liquidity to the house market and making home possible. 

Your Impact:

In this position, you will be supporting portfolio manager activities by digging into data, projects or desk needs to improve desk functionality or produce analyses that will help the desks make more educated decisions.  

You will be working as part of a high-performing team in your business area, gaining experience to begin building your analytical and interpersonal communication skills. You will gain diverse perspectives networking across desks; you will learn about many of the different markets that Freddie Mac participates in as well as the work that each desk does. You will also have the opportunity to work on a summer long project related to Freddie Mac, presenting to senior management at the end. Through your summer, analysts will build the following proficiencies and opportunities:  

• Fixed income valuation and financial transaction analysis 

• Expertise in the U.S. Economy/Fixed Income markets  

• Knowledge of primary and secondary mortgage financial system 

• Quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R)  

• Professional networking skills and opportunities within the company and industry  

• Mentorships to help guide your career