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
Recent Examples on the Web
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.
—
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 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
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
Dictionary Entries Near home loan
Cite this Entry
“Home loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20loan. Accessed 22 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share