Capital Markets Intern - Summer 2027

About the Role

This ten-week internship is crafted to provide interns with 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 offering real-world training experiences with the goal of learning the full mortgage capital markets life cycle while also providing desk-specific knowledge.

Interns will learn, be mentored by, and work alongside best-in-class professionals on various desks to analyze and support Freddie Mac’s mission of Making Home Possible. Your placement for the summer will be on a desk within one of these two areas:

• Front-End: Gain knowledge of how Freddie Mac prices its business through upfront loan pricing, pool securitization, and unsecured debt funding by working with one of the front-end capital markets desks.
• Credit Risk: Learn how Freddie Mac manages its credit risk through rotating on securitized products-related desks, including STACR, ACIS, Servicing Capital Markets, Loan Portfolio Management, and Structuring.

Our Impact

Freddie Mac’s Single Family and Capital Markets Divisions handle 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 firm. The team provides the cash flow, financing, trading, and capital market expertise that enables Freddie Mac to achieve its mission of providing liquidity to the housing market and making home possible.

Your Impact

In this position, you will support portfolio manager activities by analyzing data, projects, or desk needs to improve functionality or produce analyses that help desks make more educated decisions. You will work as part of a high-performing team, gaining experience to build analytical and interpersonal communication skills. The internship offers diverse perspectives through networking across desks, exposure to different markets Freddie Mac participates in, and the opportunity to work on a summer-long project related to Freddie Mac, culminating in a presentation to senior management.

Through the summer, you will build the following proficiencies and opportunities:

• Fixed income valuation and financial transaction analysis
• Expertise in the U.S. economy and fixed income markets
• Knowledge of the primary and secondary mortgage financial system
• Quantitative abilities (e.g., Advanced Excel, SQL, SAS, Python, R)
• Professional networking skills within the company and industry
• Mentorship to guide your career
• Social community of analysts and fellow interns

Requirements

• Pursuing a bachelor's degree, preferably but not only in Economics, Finance, Business, Statistics, Engineering, and/or Math
• Availability to begin the internship in May/June 2027
• Graduating in either Fall 2027 or Spring 2028

Skills

• Ability to learn quickly and pick up new skills/concepts
• Exceptional communication skills, both written and verbal
• Strong problem-solving ability
• Microsoft Office skills required; additional quantitative skills preferred
• Must be a great teammate and able to work collaboratively
• Comfortable working in a fast-paced trading floor environment
• Attention to detail, sound judgment, and discretion with sensitive information
• Awareness of industry-related news and ability to analyze implications
• Learning mindset and ownership of personal development
• Exposure to AI tools, bots, agents, prompt engineering, or automation technologies

Pay

Interns are paid at a set, non-negotiable hourly rate of $32/hr.