Yes. And assuming it stays here and liquidity issues don’t screw the overall greater economy, I think that’s OK.
100% financing isn’t totally gone, but you need to do a hell of a lot more than fog a mirror to get it. Basically, if you qualify for 100%, then you don’t need it. In other words, you HAVE down payment money but prefer not to use it.
We can argue till we’re both blue in the face as to whether or not that’s smart, but from a lending/risk standpoint, it makes sense.
Years ago when I worked in a bank we used to joke that the fastest way to get a loan from a bank is to prove to them you don't need it.