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English definition of “mortgage market”

mortgage market

noun [C]     FINANCE
(also primary mortgage market) the business of lending money to buy houses and other property
(also secondary mortgage market) the business of buying and selling mortgages : The secondary mortgage market helped dilute the risk to lenders by buying and packaging the loans into securities paying high interest rates.
(Definition of mortgage market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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