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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Last month, borrowing costs on a 30-year home loan surged to 6.85 percent, according to mortgage buyer Freddie Mac. Suzanne Blake, Newsweek, 27 Jan. 2025 As a result, this lowers the interest amount, also known as the percent someone is charged on a home loan. Emma Hall, Sacramento Bee, 18 Jan. 2025 Applications to refinance a home loan responded to that small drop, rising 12% from the previous week and 17% from the same week a year ago. Diana Olick, CNBC, 5 Feb. 2025 The average rate on the 30-year mortgage, the most popular home loan in the United States, rose to 6.93 percent this week, Freddie Mac reported on Thursday, the highest since early July. Danielle Kaye, New York Times, 9 Jan. 2025 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 1 Mar. 2025.

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