The home mortgage market is still recovering from the housing crash of 2007-2008.
But it has been significantly slower to pick up than in the past, according to new data.
The housing market is the most volatile asset class in the U.S., and is largely held by those who can afford to buy a house.
The Federal Reserve has been pushing the Federal Housing Administration to help people get a mortgage and boost home ownership, but the data is not promising.
This article originally appeared on CNBC.com