SIR - Imagine Hitler had won the Battle of Britain in 1940, and we were under the Nazi jackboot. Hitler was real; Nazism was real; the Gestapo was real; Auschwitz was real; Belsen was real; the jackboot was real; the V1 and the V2 rocket were real - and it was all just 18 miles from our shores.
Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968...In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market. .
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, January 16, 2018.