{"id":31140,"date":"2026-03-25T15:03:49","date_gmt":"2026-03-25T15:03:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mart-ayinda-abd-mba-mortgage-basvurulari-hafif-artarak-eksi-%109dan-eksi-%105e-geriledi\/"},"modified":"2026-03-25T15:03:49","modified_gmt":"2026-03-25T15:03:49","slug":"mart-ayinda-abd-mba-mortgage-basvurulari-hafif-artarak-eksi-%109dan-eksi-%105e-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mart-ayinda-abd-mba-mortgage-basvurulari-hafif-artarak-eksi-%109dan-eksi-%105e-geriledi\/","title":{"rendered":"Mart ay\u0131nda ABD MBA mortgage ba\u015fvurular\u0131 hafif artarak eksi %10,9\u2019dan eksi %10,5\u2019e geriledi"},"content":{"rendered":"ABD MBA mortgage ba\u015fvurular\u0131 20 Mart\u2019ta -%10,9\u2019dan -%10,5\u2019e y\u00fckseldi. Veriler yine de ba\u015fvurular\u0131n genel olarak d\u00fc\u015f\u00fc\u015fte oldu\u011funu g\u00f6steriyor.\n\nMortgage (konut kredisi) ba\u015fvurular\u0131ndaki s\u0131n\u0131rl\u0131 toparlanma, -%10,9\u2019luk d\u00fc\u015f\u00fc\u015ften -%10,5\u2019e gerileme, konut piyasas\u0131nda bir toparlanma sinyali de\u011fil. Bunu sert d\u00fc\u015f\u00fc\u015fte h\u0131z kesme olarak g\u00f6r\u00fcyoruz; temel zay\u0131fl\u0131k s\u00fcr\u00fcyor. Bu nedenle, konutla ba\u011flant\u0131l\u0131 hisselerde g\u00f6r\u00fclebilecek y\u00fckseli\u015flerin \u00f6n\u00fcm\u00fczdeki haftalarda sat\u0131\u015f bask\u0131s\u0131yla kar\u015f\u0131la\u015fmas\u0131 muhtemel.\n\n<h3>Faizler Konut Al\u0131m G\u00fcc\u00fcn\u00fc Belirlemeye Devam Ediyor<\/h3>\nBu veri, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) seyrini anlaml\u0131 bi\u00e7imde de\u011fi\u015ftirmiyor; konuta eri\u015fimde (al\u0131m g\u00fcc\u00fcnde) ana engel faizler. Fed funds vadeli i\u015flemleri (Fed\u2019in politika faizine ili\u015fkin piyasa beklentisini yans\u0131tan kontratlar) May\u0131s\u2019ta 25 baz puan (0,25 y\u00fczde puan) faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 yakla\u015f\u0131k %60 olarak fiyatl\u0131yor; bu rapor bu hesab\u0131 de\u011fi\u015ftirecek kadar g\u00fc\u00e7l\u00fc de\u011fil. Bu nedenle y\u00fcksek bor\u00e7lanma maliyetlerinin konut sekt\u00f6r\u00fcn\u00fc bask\u0131lamay\u0131 s\u00fcrd\u00fcrmesini bekliyoruz.\n\nDaha geni\u015f veriler de zay\u0131f g\u00f6r\u00fcn\u00fcm\u00fc do\u011fruluyor: \u00dclke genelinde konut stoku (sat\u0131\u015ftaki konut say\u0131s\u0131) y\u0131ll\u0131k bazda %18 artm\u0131\u015f durumda. Arz art\u0131\u015f\u0131 ve S&#038;P Case-Shiller verisinde konut fiyatlar\u0131n\u0131n y\u0131ll\u0131k bazda %0,7 d\u00fc\u015fmesi, olumsuz senaryoyu g\u00fc\u00e7lendiriyor. Bu tablo, konut \u00fcreticilerinin ve ili\u015fkili sekt\u00f6rlerin kal\u0131c\u0131 ivme yakalamas\u0131n\u0131 zorla\u015ft\u0131r\u0131yor.\n\nBu \u00f6r\u00fcnt\u00fcy\u00fc daha \u00f6nce de g\u00f6rd\u00fck; \u00f6zellikle 2025 sonbahar\u0131nda ba\u015fvurulardaki benzer k\u00fc\u00e7\u00fck iyile\u015fme, konut \u00fcreticisi hisselerinde yeni bir d\u00fc\u015f\u00fc\u015ften \u00f6nce k\u0131sa bir duraksama olmu\u015ftu. Bu ge\u00e7mi\u015f \u00f6rnek, mevcut veriye temkinli yakla\u015fmak gerekti\u011fini g\u00f6steriyor. B\u00fcy\u00fck resimde bu durum, d\u00f6n\u00fc\u015f ba\u015flang\u0131c\u0131ndan \u00e7ok d\u00fc\u015f\u00fc\u015f trendinde ge\u00e7ici dengeye benziyor.\n\nKonut \u00fcreticisi ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) XHB gibi \u00fcr\u00fcnlerde ima edilen oynakl\u0131k (opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) y\u00fcksek oldu\u011fu i\u00e7in, put opsiyonu almak \u015fu anda pahal\u0131 bir strateji. Bunun yerine, kullan\u0131m fiyat\u0131 piyasadan uzak (out-of-the-money) call kredi spreadi satmak daha etkili olabilir; bu pozisyon, ETF yatay kal\u0131rsa veya d\u00fc\u015ferse kazan\u00e7 sa\u011flar. B\u00f6ylece prim (opsiyon sat\u0131\u015f\u0131 geliri) toplan\u0131rken, bu verinin desteklemedi\u011fi g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015fe kar\u015f\u0131 pozisyon al\u0131n\u0131r.\n\n<h3>B\u00f6lgesel Bankalar Mortgage Bask\u0131s\u0131yla Kar\u015f\u0131 Kar\u015f\u0131ya<\/h3>\nFinansal hisselere bakan yat\u0131r\u0131mc\u0131lar i\u00e7in, KRE ETF\u2019teki b\u00f6lgesel bankalara yans\u0131ma da olumsuz. Konut kredisi \u00fcretimindeki (kredi kulland\u0131rma hacmi) s\u00fcregelen zay\u0131fl\u0131k, k\u00e2rl\u0131l\u0131klar\u0131n\u0131 bask\u0131layacak. KRE \u00fczerinde put debit spreadi (\u00f6denen primle kurulan, riski s\u0131n\u0131rland\u0131r\u0131lm\u0131\u015f d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc opsiyon stratejisi) ba\u015flatman\u0131n, bu sekt\u00f6rde olas\u0131 d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 kontroll\u00fc riskle pozisyon almak i\u00e7in uygun oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>MBA mortgage ba\u015fvurular\u0131ndaki d\u00fc\u015f\u00fc\u015f -%10,9\u2019dan -%10,5\u2019e \u201ciyile\u015fti\u201d ama trend h\u00e2l\u00e2 a\u015fa\u011f\u0131: Faizler bask\u0131n. Stok +%18, Case\u2011Shiller -%0,7. Konut hisseleri ralli sat\u0131labilir; XHB\u2019de OTM call spreadi, KRE\u2019de put debit spreadi \u00f6ne \u00e7\u0131k\u0131yor.<\/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-31140","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\/31140","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=31140"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}