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92 NATIONAL SNAPSHOT Regional HOLDING STEADY CoreLogic reported that the U.S. delinquency rate held at 3.6% for May, and the foreclosure inventory rate was the lowest for that month in 20 years. e U.S. delinquency rate declined year-over-year from 4.2%. e May rate is tied for the lowest for any month in more than two decades. CoreLogic stated that this rate includes all home loans 30 or more days past due, including those in foreclo- sure. Delinquencies in May peaked in 2010 at 11.4%. Since March 2008, the overall delinquency rate has been lower than during the pre-crisis period of 2000 through 2006, when the average rate was 4.7%. No states reported gains in overall delinquency rates for May 2019, but 20 metro areas saw small increases. Areas of Kentucky, Indiana, Ohio, and Illinois, which were areas that suffered flood damage over the spring, reported gains. e serious delinquency rate, which are mortgages more than 90 days past due, including loans in foreclosure, was 1.3%—down 1.8% from May 2018. e delinquency rate for May was below the average of 1.5% set dur- ing the 2000-2006 pre-crisis period. e share of mortgages in a stage of the foreclosure process was 0.4% in May, which is a slight annual decline form 0.5%. May's foreclo- sure rate tied the prior six months as the lowest for any month in at least 20 years, but was below the pre-crisis level of 0.6%. Mortgages that were 30 to 59 days past due was 1.7% in May, which is down from 1.8% the year prior. Additionally, mortgages 60 to 89 days past due was unchanged from last year at 0.6%. CoreLogic also tracks the rate at which mort- gages transition stages of delinquency. Mortgages entering the foreclosure rate was unchanged from May 2018 at 0.8%. e 30-to-60-day transition was 14.6% in May, also down from May 2018's 15.2%. e 60-to-90-day transition rate was 24%, down from 24.4% the year prior. Mississippi had the highest volume of mortgages 30 days or more past due at 6.9%. Colorado had the lowest at 1.6%. Of the 10 largest metropoli- tan areas, New York had the highest 30-days past due rate at 4.9%. STATS AT A GLANCE The nation's overall delinquency rate was 3.6% in May. The foreclosure inventory rate was the lowest for a May in more than 20 years. Delinquencies increased year over year in some Midwestern markets hit by spring floods.