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

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

Home inventory remains below pre-pandemic levels 04:08 The average rate on a 30-year home loan was 6.6% this week, according to mortgage buyer Freddie Mac. —CBS News, 19 Jan. 2024

Yun’s prediction is similar: 6.8% for the 30-year home loan, on average. —Tribune News Service, Hartford Courant, 1 Jan. 2024

Yun is forecasting that the average rate on the 30-year home loan will dip below 7%, perhaps to 6.5%, by spring. —Alex Veiga The Associated Press, arkansasonline.com, 22 Nov. 2023