Meaning of “mortgage market” in the English Dictionary

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"mortgage market" in Business English

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mortgage marketnoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)