How to Use home loan in a Sentence
home loan
noun-
The percentage will depend on the size of the home loan and the borrower’s credit score.
—Ed Stannard, Hartford Courant, 2 June 2024
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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
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The fall in mortgage rates owes to a quirk in the relationship between interest rates and home loan costs.
—Max Zahn, ABC News, 25 Mar. 2023
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Applications to refinance a home loan surged 27% week to week and were 42% higher than the same week one year ago.
—Diana Olick, CNBC, 11 Dec. 2024
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The average rate on a 30-year mortgage, the most popular home loan in the United States, is around 7 percent.
—Matthew Goldstein, New York Times, 22 Jan. 2025
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Mortgage rates are climbing again, raising the cost of a home loan to its highest level in seven months.
—Khristopher J. Brooks, CBS News, 31 May 2023
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Applications to refinance a home loan fell 0.3% for the week but were 94% higher than a year ago.
—Diana Olick, CNBC, 4 Sep. 2024
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The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May.
—Sasha Rogelberg, Fortune, 4 July 2024
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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
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The Fed influences but doesn’t directly set mortgage rates, so home loan costs may not decrease with a pause.
—Medora Lee, USA TODAY, 14 June 2023
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Most economists’ projections call for the average rate on a 30-year home loan to remain above 6% this year.
—Sasha Rogelberg, Fortune, 4 July 2024
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Applications to refinance a home loan rose 2% from the previous week but were 6% lower than the same week one year ago.
—Diana Olick, CNBC, 8 Jan. 2025
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But instead of declining, home loan costs marched higher.
—Andrew Khouri, Los Angeles Times, 31 Oct. 2024
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The Fed can impact but doesn’t directly set mortgage rates, so home loan costs may not shift significantly in the near term.
—Paul Davidson, USA TODAY, 26 July 2023
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In recent weeks, market expectations of Fed cuts had already pushed down home loan rates.
—Don Lee, Los Angeles Times, 18 Sep. 2024
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So all homeowners get approximately the same lift or hit from a drop or rise in the costs of that U.S. institution, the benchmark 30-year home loan.
—Shawn Tully, Fortune, 19 Nov. 2023
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Applications to refinance a home loan, which had been surging for several months, fell 9% for the week but were still 159% higher than the same week one year ago.
—Diana Olick, CNBC, 9 Oct. 2024
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The couple said one of their priorities was to pay off their daughter's student loans, a home loan and several other bills.
—Jennifer Sangalang, USA TODAY, 11 Aug. 2023
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Yun’s prediction is similar: 6.8% for the 30-year home loan, on average.
—Tribune News Service, Hartford Courant, 1 Jan. 2024
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The Fed influences but doesn’t directly set mortgage rates, so home loan costs may not move significantly in the near-term.
—Medora Lee, USA TODAY, 26 July 2023
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The bank’s home loan business - which is one of its largest - also had a mixed performance over the quarter as mortgage rates remained relatively high.
—Trefis Team, Forbes, 17 Jan. 2025
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Indeed, Sprecher notes that today, ICE is handling around 10% of all end-to-end home loan production on its digital platform.
—Shawn Tully, Fortune, 8 Sep. 2023
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The premier has promised relief to mortgage holders by extending home loan in order to reduce monthly payments.
—Alonso Soto, Clara Hernanz Lizarraga and Laura Millan, Bloomberg News, Anchorage Daily News, 24 July 2023
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Fluctuating Auto Loan Rates Auto loan rates, like home loan rates, will fluctuate over time.
—Elizabeth Rivelli, Car and Driver, 20 July 2023
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Despite an overall uptick in mortgage rates since September, applications for a home loan have been rising.
—Alex Veiga, Los Angeles Times, 8 Dec. 2024
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Here are three reasons: SoFi home loan originations are rising as delinquencies fall.
—Peter Cohan, Forbes, 14 Oct. 2024
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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
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Typically, someone needs a credit score of 620 or higher from a traditional lender to qualify for a home loan.
—Lizzie Kane, Chicago Tribune, 11 July 2023
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The 5,000 financial institutions that originated a home loan in the U.S. are obliged by law to collect information about race.
—Michael Del Castillo, Fortune, 3 Oct. 2024
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But the Fed's rate decisions are just part of the factors that influence home loan rates, which are also impacted by economic trends such as the labor market and housing demand.
—Aimee Picchi, CBS News, 19 Sep. 2024
Some of 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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