In 2024 only 52% of US buyers put 20+% down on a house and which is up from 2022. Worse as a share of outstanding money new loans with low down payments obviou

In 2024 only 52% of US buyers put 20+% down on a house and which is up from 2022. Worse as a share of outstanding money new loans with low down payments obviously count for more. IE a 30 year loan on a house at year zero likely has 10+X as much outstanding vs a 25 year old loan due to principal payments and inflation on the average value of homes. PMI is there to reduce risks, but PMI isn’t an infinite pool of money independent of the rest of the economy. It’s on someone’s balance sheet.