In March 2017, 4.4 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, down 0.8 percent from March 2016, according to a report released from CoreLogic, a property information firm.
As of March 2017, the foreclosure inventory rate was 0.8 percent, down from 1.0 percent in March 2016.
The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is near a 10-year low. The share of mortgages that transitioned from current to 30-days past due was 0.6 percent in March 2017, down from 0.7 percent in March 2016
“Early-stage mortgage performance continues to improve at a steady pace, especially for 30-59 day delinquencies, which fell to 1.7 percent, the lowest rate for any month since January 2000,” CoreLogic Chief Economist Frank Nothaft said in a statement. “Late-stage and serious delinquency rates continue to decline, falling to their lowest levels since November 2007.”
Every state except Alaska and North Dakota saw decreases in serious delinquency rates.