home loan
noun
: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years
Examples of home loan in a Sentence
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On Thursday, mortgage giant Freddie Mac reported the average rate on a 30-year home loan rose to 6.72%, up from 6.54% a week earlier.
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Andrew Khouri, Los Angeles Times, 31 Oct. 2024
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May.
—Gordon G. Chang, Newsweek, 31 Oct. 2024
Applications to refinance a home loan dropped 6% for the week but were 84% higher than the same week one year ago, when the 30-year fixed was 113 basis points higher.
—Diana Olick, CNBC, 30 Oct. 2024
Since the cut, there's been an 11% increase in home loan applications this week compared to last.
—Sharon Greenthal, Better Homes & Gardens, 26 Sep. 2024
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Andrew Khouri, Los Angeles Times, 31 Oct. 2024
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May.
—Gordon G. Chang, Newsweek, 31 Oct. 2024
Applications to refinance a home loan dropped 6% for the week but were 84% higher than the same week one year ago, when the 30-year fixed was 113 basis points higher.
—Diana Olick, CNBC, 30 Oct. 2024
Since the cut, there's been an 11% increase in home loan applications this week compared to last.
—Sharon Greenthal, Better Homes & Gardens, 26 Sep. 2024
See all Example Sentences for home loan
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“Home loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20loan. Accessed 21 Nov. 2024.
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