{"id":30093,"date":"2026-03-11T14:05:33","date_gmt":"2026-03-11T14:05:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abdde-mba-mortgage-basvurulari-son-verilere-gore-yuzde-32-artti-onceki-yuzde-11lik-yukselisin-ardindan-artis-ivme-kaybetti\/"},"modified":"2026-03-11T14:05:33","modified_gmt":"2026-03-11T14:05:33","slug":"abdde-mba-mortgage-basvurulari-son-verilere-gore-yuzde-32-artti-onceki-yuzde-11lik-yukselisin-ardindan-artis-ivme-kaybetti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abdde-mba-mortgage-basvurulari-son-verilere-gore-yuzde-32-artti-onceki-yuzde-11lik-yukselisin-ardindan-artis-ivme-kaybetti\/","title":{"rendered":"ABD\u2019de MBA mortgage ba\u015fvurular\u0131 son verilere g\u00f6re y\u00fczde 3,2 artt\u0131; \u00f6nceki y\u00fczde 11\u2019lik y\u00fckseli\u015fin ard\u0131ndan art\u0131\u015f ivme kaybetti."},"content":{"rendered":"ABD\u2019de MBA (Mortgage Bankers Association: ABD\u2019de mortgage\/kredi kurulu\u015flar\u0131n\u0131 temsil eden birlik) mortgage (konut kredisi) ba\u015fvurular\u0131 6 Mart ile biten haftada %3,2 artt\u0131. Bir \u00f6nceki hafta art\u0131\u015f %11 olmu\u015ftu.\n\nYeni veri, \u00f6nceki haftaya g\u00f6re daha yava\u015f bir y\u00fckseli\u015fe i\u015faret ediyor. Veriler, MBA\u2019nin haftal\u0131k ba\u015fvuru endeksine dayan\u0131yor.\n\n

Daha Y\u00fcksek Faizlerle Konut Kredisi Talebi Yava\u015fl\u0131yor<\/h3>\nKonut kredisi ba\u015fvurular\u0131ndaki art\u0131\u015f\u0131n %11\u2019den %3,2\u2019ye gerilemesi, konut piyasas\u0131n\u0131n faiz oranlar\u0131na ne kadar duyarl\u0131 oldu\u011funu g\u00f6steriyor. 30 y\u0131l vadeli sabit faizli mortgage oranlar\u0131 (30 y\u0131l boyunca faizi de\u011fi\u015fmeyen konut kredisi) yeniden %7\u2019nin \u00fczerine \u00e7\u0131kt\u0131. Bu seviye, piyasada \u201cpsikolojik e\u015fik\u201d (yat\u0131r\u0131mc\u0131 ve t\u00fcketicilerin kararlar\u0131n\u0131 etkileyen kritik seviye) olarak g\u00f6r\u00fcl\u00fcyor ve al\u0131c\u0131lar\u0131 cayd\u0131r\u0131yor. Bu da, y\u00fcksek bor\u00e7lanma maliyetlerinin (kredi kullanman\u0131n toplam maliyeti) etkisiyle konut sekt\u00f6r\u00fcn\u00fcn so\u011fumaya ba\u015flad\u0131\u011f\u0131n\u0131 teyit ediyor.\n\nBu yava\u015flama, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) enflasyonu d\u00fc\u015f\u00fcrmek i\u00e7in g\u00f6rmek istedi\u011fi t\u00fcrden bir tablo. Ancak \u015fubat enflasyon verilerinde y\u0131ll\u0131k art\u0131\u015f\u0131n h\u00e2l\u00e2 %3,4 gibi y\u00fcksek bir seviyede kalmas\u0131, yaln\u0131zca bu konut verisinin para politikas\u0131nda (faiz ve likidite kararlar\u0131) bir de\u011fi\u015fimi tetiklemesi i\u00e7in yeterli olmayaca\u011f\u0131n\u0131 g\u00f6steriyor. Fed, ekonomide yava\u015flama sinyali ile temel hedefi olan enflasyonla m\u00fccadele aras\u0131nda s\u0131k\u0131\u015fm\u0131\u015f durumda.\n\nPiyasalar a\u00e7\u0131s\u0131ndan bu durum, Fed\u2019in bir sonraki ad\u0131m\u0131na dair belirsizli\u011fi art\u0131r\u0131yor. Bu da faiz oynakl\u0131\u011f\u0131n\u0131n (faizlerde h\u0131zl\u0131 ve sert dalgalanma) y\u00fckselme ihtimalini g\u00fc\u00e7lendiriyor. Bu belirsizlikten faydalanmay\u0131 hedefleyen stratejiler \u00f6ne \u00e7\u0131kabilir. \u00d6rne\u011fin SOFR (Secured Overnight Financing Rate: ABD\u2019de gecelik, teminatl\u0131 bor\u00e7lanma faizi; piyasada referans faiz) veya Hazine tahvili vadeli i\u015flemleri (Treasury futures: gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) \u00fczerine opsiyon almak (opsiyon: belirli tarihe kadar al\u0131m\/sat\u0131m hakk\u0131 veren s\u00f6zle\u015fme), faizlerin hangi y\u00f6ne gidece\u011fine kesin bahis yapmadan sert hareketlerden kazan\u00e7 imk\u00e2n\u0131 sunabilir.\n\nBu yava\u015flama, konut \u00fcreticisi (homebuilder) hisseleri ve ba\u011flant\u0131l\u0131 sekt\u00f6rler i\u00e7in olumsuz bir r\u00fczg\u00e2r anlam\u0131na da geliyor. Bu nedenle konut odakl\u0131 ETF\u2019lerde (Borsa Yat\u0131r\u0131m Fonu: endeksi izleyen, borsada i\u015flem g\u00f6ren fon) sat\u0131m opsiyonu (put option: fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazand\u0131ran opsiyon) almak, \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in hem korunma (hedge: riski azaltma i\u015flemi) hem de d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc pozisyon olarak de\u011ferlendirilebilir. Ayr\u0131ca b\u00f6lgesel bankalar da izleniyor; kredi kulland\u0131r\u0131m hacmindeki kal\u0131c\u0131 d\u00fc\u015f\u00fc\u015f (loan origination volume: yeni kredi \u00fcretimi) k\u00e2rl\u0131l\u0131k beklentilerine zarar verebilir.\n\nGe\u00e7mi\u015fe bak\u0131ld\u0131\u011f\u0131nda bu g\u00f6r\u00fcn\u00fcm, 2023\u2019te izlenen piyasa dinamiklerine benziyor. Fed\u2019in 2022\u2019deki sert s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n (agresif tightening: h\u0131zl\u0131 faiz art\u0131r\u0131mlar\u0131 ve finansal ko\u015fullar\u0131n sertle\u015fmesi) ard\u0131ndan mortgage oranlar\u0131 %7\u2019nin \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131nda, konut faaliyetinde benzer bir duraksama g\u00f6r\u00fclm\u00fc\u015ft\u00fc. O d\u00f6nem, yat\u0131r\u0131mc\u0131lar\u0131n Fed\u2019in \u201cpivot\u201duna (politika y\u00f6n de\u011fi\u015fimi: faiz art\u0131r\u0131mlar\u0131n\u0131 durdurma veya faiz indirimine ge\u00e7me) ili\u015fkin zamanlamay\u0131 tart\u0131\u015fmas\u0131 nedeniyle faiz piyasalar\u0131nda dalgal\u0131 ve y\u00f6ns\u00fcz bir seyir ya\u015fanm\u0131\u015ft\u0131.\n\n

2023 Faiz \u015eokuna Benzerlikler<\/h3>\n

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Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

ABD\u2019de MBA mortgage ba\u015fvurular\u0131 6 Mart haftas\u0131nda %3,2 artt\u0131; \u00f6nceki haftadaki %11\u2019e g\u00f6re ivme kayb\u0131. 30 y\u0131ll\u0131k faiz %7\u2019yi a\u015f\u0131nca talep so\u011fuyor, Fed belirsizli\u011fi b\u00fcy\u00fcyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30093","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30093"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30093\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}