Over the past year, there has been a shift in mortgage market share among government programs. Meanwhile, credit conditions contracted from the previous month.

Conventional residential loans accounted for 64 percent of all mortgages that were closed during June 2017, unchanged from the same month last year.

Another 22 percent of loans funded last month were insured by the Federal Housing Administration, and a 10th were guaranteed by the Department of Veterans Affairs.

Source: Mortgage Daily