<p>美国的抵押贷款利率持续小幅下降，为房地产市场在春季销售季节临近时提供了一个初步的转变。房利美（Freddie Mac）表示，30 年期固定抵押贷款的平均利率从一周前的 6.21% 下降至 6.18%，这是连续第二周下降，并延续了自九月份以来的整体放松趋势。尽管如此，早期迹象表明，买家的行为尚未发生显著变化。</p>
<p>Redfin 的数据表明，需求仍然受到严重限制。该经纪公司估计，上个月大约有 143 万名购房者在积极寻找房屋，这是其记录中除 2020 年 4 月外的最低水平，当时由于新冠疫情封锁，交易几乎停止。同时，11 月份卖家的数量比买家多出约 37%，这一失衡程度是去年同期的两倍多，因为一些房主选择撤回挂牌，等待市场条件稳定。</p>
<p>展望未来，Redfin 高级经济学家 Asad Khan 表示，住房可负担性的适度改善可能会在 2026 年吸引一些买家重返市场。不过，他指出，房地产市场在可预见的未来可能仍将处于买方市场的状态，卖家可能会继续降价或提供让步以吸引谨慎的需求。对于投资者而言，数据显示，抵押贷款利率的近期下降可能不足以触发住房活动的快速反弹。</p>

RDFN

<p>美国的抵押贷款利率连续第二周下降，30 年期固定利率平均为 6.18%。尽管如此，购房者需求依然低迷，Redfin 报告称活跃购房者数量为 2020 年 4 月以来的最低水平。卖家的数量明显超过买家，市场预计将保持在买方市场的状态。到 2026 年，适度的可负担性改善可能会吸引买家，但目前的利率下降单独来看不太可能提升住房活动</p>

<p>Mortgage rates in the US have continued to edge lower, offering a tentative shift in the housing backdrop as the market moves closer to the spring selling season. Freddie Mac (FMCC) said the average 30-year fixed mortgage rate declined to 6.18% from 6.21% a week earlier, marking a second straight weekly drop and extending a broader easing trend that has been in place since September. Even with that move, early signs suggest buyer behavior has yet to meaningfully change.</p>
<div class="lb-trans"><p>美国的抵押贷款利率持续小幅下降，为房地产市场在春季销售季节临近时提供了一个初步的转变。房利美（Freddie Mac）表示，30 年期固定抵押贷款的平均利率从一周前的 6.21% 下降至 6.18%，这是连续第二周下降，并延续了自九月份以来的整体放松趋势。尽管如此，早期迹象表明，买家的行为尚未发生显著变化。</p>
</div><p>Redfin data points to demand remaining deeply constrained. The brokerage estimated that roughly 1.43 million shoppers were actively searching for homes last month, the lowest level in its records outside of April 2020, when Covid lockdowns effectively halted transactions across the US. At the same time, sellers outnumbered buyers by about 37% in November, more than double the imbalance seen a year earlier, as some homeowners opted to pull listings and wait for market conditions to stabilize.</p>
<div class="lb-trans"><p>Redfin 的数据表明，需求仍然受到严重限制。该经纪公司估计，上个月大约有 143 万名购房者在积极寻找房屋，这是其记录中除 2020 年 4 月外的最低水平，当时由于新冠疫情封锁，交易几乎停止。同时，11 月份卖家的数量比买家多出约 37%，这一失衡程度是去年同期的两倍多，因为一些房主选择撤回挂牌，等待市场条件稳定。</p>
</div><p>Looking ahead, Redfin senior economist Asad Khan said a modest improvement in housing affordability could potentially draw some buyers back into the market in 2026. Still, he noted that the housing market is likely to remain in buyer's-market territory for the foreseeable future, with sellers possibly continuing to cut prices or offer concessions to attract cautious demand. For investors, the data suggests the recent decline in mortgage rates alone may not be sufficient to trigger a rapid rebound in housing activity.</p>
<div class="lb-trans"><p>展望未来，Redfin 高级经济学家 Asad Khan 表示，住房可负担性的适度改善可能会在 2026 年吸引一些买家重返市场。不过，他指出，房地产市场在可预见的未来可能仍将处于买方市场的状态，卖家可能会继续降价或提供让步以吸引谨慎的需求。对于投资者而言，数据显示，抵押贷款利率的近期下降可能不足以触发住房活动的快速反弹。</p>
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抵押贷款利率再次下滑，但美国购房者依然持观望态度