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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The roughly 1 percentage point increase in the rate since then translates roughly into an additional $276 a month cost for a borrower financing a $400,000 home loan at the current average rate. — Alex Veiga, Los Angeles Times, 25 Sep. 2026 Applications to refinance a home loan dropped 3% for the week and were 62% lower than the same week one year ago. — Diana Olick, CNBC, 23 Sep. 2026 But unlike high-yield savings yields or credit card APRs, which respond to changes in the Fed’s target range, home loan rates and the federal funds rate are loosely linked. — Rachel Barber, USA Today, 22 Sep. 2026 That's enough to increase the cost of a standard home loan by hundreds of dollars each month and further stall hopes of a recovery for the country's stagnant housing market. — Scott Horsley, NPR, 19 Sep. 2026 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 Oct. 2026.

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