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In July 2018, 4.1% of the nation’s home mortgages were in any state of delinquency, down from 4.7% in July 2017, according to the latest CoreLogic Loan Performance Insights Report. This marks the lowest national mortgage loan delinquency rate since May 2006. For the month of July, delinquent mortgages peaked at 11.1% in July 2010.

The foreclosure inventory rate was 0.5% in July 2018, down from 0.7% one year earlier. The foreclosure rate now sits below the 0.6% pre-crisis average.

Mississippi had the highest rate of mortgages that were 30 days or more delinquent at 8% in July 2018, while Colorado had the lowest at 1.9%. No state posted an increase in its delinquency rate. At the metro level, Miami had the highest delinquency rate at 6.5%, and San Francisco had the lowest at 1.5%.

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