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90 NATIONAL SNAPSHOT Regional EARLY STATE DELINQUENCIES EDGE UP Loans 30 to 59 days past due buck nationwide trends and see a year-over-year increase in late payments. By Molly Boesel In April 2017, 4.8 percent of home mortgages were in some stage of delinquency, down from 5.3 percent a year earlier and the lowest for any April month since 2007, when it was 4.5 percent, according to the latest Core- Logic Loan Performance Insights Report. e measure includes all home loans 30 days or more past due, including those in fore- closure. For the month of April, the share of delinquent mortgages was highest—11.0 percent–in April 2010. e foreclosure inventory rate, meaning the share of mortgages in some stage of the foreclosure process, fell to 0.7 percent, down from 1 percent a year earlier and the lowest level since July 2007, when it was 0.6 percent. e share of mortgages that were 30 to 59 days past due—considered "early-stage" delinquencies—was 2.2 percent in April 2017, up from 2 percent in April 2016. e share of mortgages 60 to 89 days past due was 0.6 percent in April 2017, the same as in April 2016. 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 being current to 30 days past due. Figure 1 shows that the current to 30-day transition rate remained low in April. e April 2017 current- to 30-day rate was 1.2 percent, up from 1 percent in April 2016. e 30- to 60-day transition rate was 18.6 percent in April 2017, up from 16.7 percent in April 2016, while the 60- to 90-day transition rate was 28.6 percent this April, up from 26.8 percent a year earlier. Figure 2 shows the states with the high- est and lowest rate of mortgages in some stage of delinquency. In April 2017 that rate was highest in Mississippi—8.6 percent— and North Dakota had the lowest rate at 2.1 percent. Figure 3 shows the 30-days-or-more past- due rate for the 10 largest metro areas (metro areas used in this report are the 10 most populous Core Based Statistical Areas). at rate was highest—7.2 percent—in the New York metro area and lowest—1.9 percent—in San Francisco. STATS AT-A-GLANCE Early-stage delinquencies edged up in April 2017 from a year earlier. The current-to 30-day transition rate increased in April 2017 from a year earlier. San Francisco had the lowest delinquency rate of the largest metro areas.