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Depending on the region, some buyers need six-digit down payments while others need none.
The year-over-year decline was most pronounced in the South and Northeast, where sales fell 5.1% and 4% respectively.
Zoom Home Lending, headed by former Rocket Mortgage executives, partner with their old wholesale rival, UWM
Builder confidence in the market for newly built single-family homes was 43 in June, down two points from May.
The 30-year fixed-rate mortgage averaged 6.87%.
Single-family building permits drop to lowest level in a year
The Philadelphia Fed's study finds limited borrower sophistication may provide lenders with market power.
First American Data & Analytics reports May home price index 5.9% higher YOY
The flipping rate rose for the second straight quarter while investment returns reached 30% nationwide.