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 Foreclosures, the really troublesome home loan indicator – are a rarity Going broke Perhaps the worst cases of skipping bills – bankruptcy filings – also have been rare so far in this economic cycle. Jonathan Lansner, Orange County Register, 15 May 2024 The average interest rate on a 30-year home loan was 6.88% on Monday, up from 6.62% in January, according to Freddie Mac. Khristopher J. Brooks, CBS News, 15 Apr. 2024 Many economists still expect that mortgage rates will ease moderately later this year, though most forecasts call for the average rate on a 30-year home loan to remain above 6%. Alex Veiga, Quartz, 11 Apr. 2024 Zillow says that first-time home buyers who are close to qualifying for a home loan may move forward or pause their search based on the rates. Sarah Yang, Sunset Magazine, 27 Mar. 2024 Mortgage rate for a typical home loan falls to 6.8% — lowest since June Kate Gibson Kate Gibson is a reporter for CBS MoneyWatch in New York. Kate Gibson, CBS News, 20 Dec. 2023 As Fortune recently reported, home loan refinancing applications increased 19% last week from the week earlier, and 27% year-over year, after mortgage rates fell substantially from what seems to be their 8% peak, according to the Mortgage Bankers Association. Alena Botros, Fortune, 15 Dec. 2023 Many economists are projecting that mortgage rates will continue heading lower this year, though forecasts generally have the average rate on a 30-year home loan hovering around 6% by the end of the year. Alex Veiga, Quartz, 8 Feb. 2024 Since changes in mortgage rates help or hurt all metros pretty much equally, what are the forces that explain that in the same periods, at the same home loan costs, some metros log far more appreciation than the national averages, while others do much worse than the norm? Shawn Tully, Fortune, 19 Nov. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'home loan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Home loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20loan. Accessed 20 May. 2024.

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