Conditional approval puts a homebuyer in a holding pattern between the time the agreement is in place and when the purchase closes, at which point the mortgage becomes active and the transfer of funds to the seller is complete.

Source: https://globalnews.ca/news/9621857/mortgages-interest-rate-home-school/

"If we are going to take over that property, we'll have to come up with some plans for it, but as of right now, we're just kind of in a holding pattern."

Source: https://www.dailyherald.com/news/20230223/the-next-chapter-lombard-library-getting-ready-for-big-move-to-new-building

Just to speak plainly, we are in a bit of a holding pattern right now based on the news that we got on Thursday and that needs to reach its conclusion before we can truly start to take the next steps.

Source: https://www.liverpoolecho.co.uk/news/liverpool-news/liverpool-fc-in-unknown-ceo-27577773

Like most of the industry, Canadian Natural is also in a bit of a holding pattern with respect to new projects.

Source: https://seekingalpha.com/article/4650677-canadian-natural-resources-2024-the-year-of-the-shareholder?source=feed_all_articles

Plans are in a holding pattern now as officials await the completion of the consultant’s report.

Source: https://bigislandnow.com/2023/09/23/whats-next-for-plans-to-revitalize-hilos-iconic-banyan-drive/