Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: 'Next Spring Could See A Real Rebound'
Mortgage Demand Soars As Fed Interest Rate Cut Fuels Housing Market Revival: 'Next Spring Could See A Real Rebound'
The spike in demand has closely followed the broader trend in benchmark mortgage rates. The average rate on a 30-year fixed — often the go-to option for American homebuyers — fell to a two-year low of 6.13%.American homeowners and prospective buyers had been biding their time, waiting for a decisive move from the Federal Reserve to reignite the mortgage market.
美國房主和潛在買家一直在爭取時間，等待聯儲局採取決定性舉措重啓抵押貸款市場。
That moment came on Sept. 18, when the Fed's large and unexpected 50-basis-point rate cut—bringing the target range to 4.75%-5%—opened the floodgates for mortgage refinancing and home purchases.
那一刻發生在9月18日，聯儲局出人意料地大規模減息50個點子——使目標區間達到4.75％-5％——爲抵押貸款再融資和購房打開了閘門。
According to the Mortgage Bankers Association (MBA), applications jumped 11% in the week ending Sept. 20, building on the previous week's 14.2% surge and pushing activity to its highest level since June 2022.
根據抵押銀行家協會（MBA）的數據，在截至9月20日的一週內，申請量增長了11％，此前一週增長了14.2％，並將活動推至2022年6月以來的最高水平。
The spike in demand has closely followed the broader trend in benchmark mortgage rates. The average rate on a 30-year fixed — often the go-to option for American homebuyers — fell to a two-year low of 6.13%.
需求的激增與基準抵押貸款利率的總體趨勢密切相關。30年期固定利率——通常是美國購房者的首選——的平均利率降至兩年來的最低水平，爲6.13％。
Refinancing Boom: Time To Seize Mortgage Moment
再融資熱潮：是時候抓住抵押貸款時機了
The surge of activity was particularly elevated in refinancing, which had been dormant amid years of high borrowing costs.
活動的激增尤其體現在再融資方面，在多年借貸成本居高不下的情況下，再融資一直處於休眠狀態。
Refinancing applications soared by 20% last week, as homeowners moved quickly to lock in lower rates and cut their monthly mortgage payments.
上週，再融資申請猛增了20％，原因是房主迅速採取行動鎖定較低的利率並削減了每月的抵押貸款還款額。
The refinance application index has rallied to levels last seen in late March 2022. Lower mortgage rates can directly translate into lower monthly payments for millions of Americans, making refinancing an appealing option. For example, a homeowner with a $300,000 loan at a 7% rate could save around $300 per month if they refinance into a 6% loan.
再融資應用程序指數已上漲至2022年3月下旬的最後一次水平。較低的抵押貸款利率可以直接轉化爲數百萬美國人的每月還款額降低，這使得再融資成爲一種有吸引力的選擇。例如，以7％的利率獲得30萬美元貸款的房主如果再融資爲6％的貸款，則每月可以節省約300美元。
Historically, periods of falling interest rates have coincided with stronger home-buying activity, and this time appears to be no different.
從歷史上看，利率下降的時期與購房活動強勁相吻合，這次似乎也不例外。
"Mortgage rates likely had this cut — and this expected rate path — priced in, and lower mortgage rates, now close to 6%, have resulted in much more refinance and some additional purchase activity in recent weeks," said Mike Fratantoni, MBA's senior vice president and chief economist.
工商管理碩士高級副總裁兼首席經濟學家邁克·弗拉坦託尼表示：「抵押貸款利率可能已經下調——以及這種預期的利率路徑——進行了定價，而較低的抵押貸款利率（目前接近6％）導致了最近幾周更多的再融資和一些額外的購買活動。」
"If mortgage rates remain near these levels, it will support a stronger-than-typical fall housing market, and next spring could see a real rebound in activity," he added.
他補充說：「如果抵押貸款利率保持在這些水平附近，這將支撐比平時更強勁的秋季房地產市場，明年春天經濟活動可能會真正反彈。」
The Vanguard Real Estate ETF (NYSE:VNQ), which tracks the broader real estate sector, was flat in premarket trading following the news. Similarly, the iShares Residential and Multisector Real Estate ETF (NYSE:REZ), which has more direct exposure to the housing market, held steady.
消息傳出後，追蹤整個房地產板塊的Vanguard房地產ETF（紐約證券交易所代碼：VNQ）在盤前交易中持平。同樣，對房地產市場有更直接敞口的iShares住宅和多行業房地產ETF（紐約證券交易所代碼：REZ）保持穩定。
Meanwhile, the VanEck Mortgage REIT Income ETF (NYSE:MORT) saw a slight uptick of 0.5%.
同時，VanEck抵押貸款房地產投資信託基金收益ETF（紐約證券交易所代碼：MORT）小幅上漲0.5％。
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