The nation’s home mortgage delinquency rate fell to 4.2% year over year in April 2018, down from 4.8% in April 2017. This is the lowest share of home mortgage delinquencies observed since March 2007, when the mortgage delinquency rate was 4.2%, according to the latest CoreLogic Loan Performance Insights Report.
The foreclosure inventory rate was 0.6% in April 2018, down from 0.7% one year earlier. This rate has fallen back to pre-crisis levels. The share of mortgages that were 30 to 59 days past due was 1.8% in April 2018, down from 2.2% in 2017, and the share of mortgages 60 to 89 days past due was 0.6% in April 2018, unchanged from one year earlier.
The delinquency rate in Florida increased by 1.2 percentage points from a year earlier due to effects from the hurricanes in late summer 2017. Texas, which had also seen increases in the overall delinquency rate since Hurricane Harvey, posted a small decrease of 0.1 percentage points in the overall delinquency rate from April 2017.
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