What is PURCHASE MORTGAGE MARKET?

This is the market in which a property is bought. This is an aspect of the purchase market. Other aspects include refinancing where another mortgage is taken out to rreplace an existing mortgage.

More On This Topic



Link to This Definition
Did you find this definition of PURCHASE MORTGAGE MARKET helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary