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90 NATIONAL SNAPSHOT Regional LONE STAR STATE'S DELINQUENCIES DECLINE Texas records its first year-over-year delinquency decrease since Hurricane Harvey. By Molly Boesel In April 2018, 4.2 percent of home mortgag- es were in some stage of delinquency, according to the latest CoreLogic Loan Performance Insights Report. at's down from 4.8 percent a year earlier and marks the lowest percentage of any month since March 2007, when it was 4.2 percent. e measure, also known as the overall delinquency rate, includes all home loans 30 days or more past due, including those in foreclosure. For April, the share of delin- quent mortgages was highest in April 2010, at 11 percent. During the pre-crisis period (2000 to 2006), the share of delinquent mortgages averaged 4.7 percent. e foreclosure inventory rate—meaning the share of mortgages in some stage of the foreclosure process—was 0.6 percent in April 2018, down from 0.7 percent a year earlier. e foreclosure rate is back to the pre-crisis level of 0.6 percent. e share of mortgages that were 30 to 59 days past due—considered early-stage delinquencies—was 1.8 percent in April 2018, down from 2.2 percent in April 2017. e share of mortgages 60 to 89 days past due was 0.6 percent in April 2018, unchanged from April 2017. In addition to delinquency rates, CoreLogic tracks the rate at which mortgages transition from one stage of delinquency to the next, such as going from current to 30 days past due. Figure 1 shows that the current- to 30-day transition rate remained well below levels during the housing crisis in April. e rate had increased in recent months, mainly due to the hurricanes along the Gulf and Atlantic Coasts, but it has since resumed its downward trend. e April 2018 current- to 30-day rate was 0.8 percent, down from 1.2 percent in April 2017. e 30- to 60-day transition rate was 14.8 percent in April 2018, down from 18.6 percent in April 2017, while the 60- to 90-day transition rate was 23.9 percent this April, down from 28.6 percent a year earlier. STATS AT A GLANCE The nation's overall delinquency rate was 4.2 percent. Florida was the only state to post a year-over-year increase in the overall delinquency rate. Miami and Houston recorded large year-over-year increases in delinquencies in April.