by Calculated Risk on 7/21/2008 09:46:00 AM

Bloomberg reports that Freddie Mac May Slow Purchases of Mortgages, Bonds

Freddie Mac ... may cut purchases of home loans from banks and bonds backed by housing debt to shore up its capital amid record delinquencies.

The government-sponsored company is also considering selling securities and reducing its dividend ...

Less buying by Freddie Mac would probably mean less mortgage lending, and higher mortgage rates.