利率降了申请却没跟上：美国房贷申请量上周再降1.2%，购房申请同比少近两成
利率连降数周，美国人的购房脚步却没有加快。美国抵押贷款银行家协会（MBA）11月4日公布的每周调查显示，截至10月30日的一周，房贷申请总量经季节调整后环比下降1.2%；其中购房申请下降2%，比去年同期低19%；再融资申请微增0.1%，但仍比去年同期低整整60%。
同周，合规贷款余额的30年期固定利率从7.37%降至7.30%，为9月以来最低。协会高级副总裁兼首席经济学家 Mike Fratantoni 表示，美联储10月会议决定不再加息后，房贷利率顺势滑落至9月以来低点，但市场活跃度依然低迷：购房申请量本周回落，再融资量则在极低水平上基本持平。
一个值得注意的变化是贷款结构：可调利率房贷（ARM）占全部申请的比重升至11.4%，为2025年9月以来最高；5/1可调利率产品平均利率6.29%，比30年期固定利率低了1.01个百分点。越来越多买家宁愿先用低利率的可调产品上车，也不愿被7%以上的高位固定利率长期锁住。再融资占全部申请的比重则升至39.8%。
抵押贷款银行家协会的这项调查自1990年起每周进行，覆盖全美通过零售与直销渠道递交的封闭式住房抵押贷款申请。利率在降、申请在减的背离，说明高房价与库存不足仍是压在这个秋天楼市上的两块石头。（来源：美国抵押贷款银行家协会）
Mortgage Applications Fall 1.2% Even as Rates Hit Lowest Level Since September
Interest rates have fallen for weeks, but American homebuyers are not rushing in. The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, released Nov. 4, showed total applications down 1.2 percent on a seasonally adjusted basis for the week ending Oct. 30, 2026. Purchase applications fell 2 percent and stood 19 percent below the same week a year earlier. Refinance applications inched up 0.1 percent but remained 60 percent lower than a year ago.
The same week, the average contract rate for 30-year fixed mortgages with conforming loan balances eased to 7.30 percent from 7.37 percent, its lowest level since September. 'Mortgage rates drifted down to their lowest level since September 2026 last week in the wake of the Federal Reserve's decision to hold on additional rate hikes at its October meeting,' said Mike Fratantoni, MBA's senior vice president and chief economist. 'While the 30-year rate declined to 7.3 percent, activity is still quite slow, with purchase application volume down for the week and refinance volume effectively flat at a very low level.'
One shift stands out in the loan mix: adjustable-rate mortgages rose to 11.4 percent of all applications, the highest share since September 2025, with the average 5/1 ARM at 6.29 percent, a full 1.01 percentage points below the 30-year fixed. More buyers are choosing cheaper adjustable products over locking in above 7 percent for three decades. The refinance share of total activity rose to 39.8 percent.
The MBA survey, conducted weekly since 1990, covers U.S. closed-end residential mortgage applications through retail and consumer direct channels. Falling rates alongside falling applications underline that high prices and thin inventory, not just borrowing costs, are holding back this autumn's housing market. (Source: Mortgage Bankers Association)
来源：美国抵押贷款银行家协会
发布：GSM·美国（发布链接）
图片来源：图：美国郊区住宅航拍（资料图）。CC BY 3.0，经 Wikimedia Commons。 / Photo: An aerial view of suburban homes in the United States (file photo). CC BY 3.0, via Wikimedia Commons.
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