Purchase Applications refer to loan applications made by individuals or businesses seeking to borrow money in order to purchase a home, car, or other large asset. Full definition
Assuming falling interest rates and rising mortgage purchase applications in the final two months of 2006, the upward trend in sales will most likely continue. (realtormag.realtor.org)
A lender might work out of a bank or purchase applications from a broker. (gobankingrates.com)
Purchase applications rose by 1.0 percent, but refinancing applications continued to decline and are now at a 2 - year low after decreasing by 4.0 percent. (centralcoastlending.com)