3% down payments being used at lowest level in 10 years

It appears that a trend of home buyers using a larger down payment is gaining traction.
“Fewer people bought a house with just a 3% down payment in 2014 than in any of the previous 10 years. That might sound like a positive thing because it means the purchaser owns more of the house and the bank owns less, but experts say it suggests that first-time buyers are not fueling the housing recovery.”