National, foreclosure rates hit record lows

Nearly four percent of all U.S. mortgages were in some state of delinquency – at least 30 days or more past due – in September, a 2.4 percent year-over-year decrease, according to data released this week.

Adverse delinquencies – 60 to 89 days past due – were at 0.3 percent in September, down from 0.7 percent in September 2020, Irvine-based CoreLogic reported in its monthly report on mortgage delinquencies.

Serious delinquencies, meaning those 90 days or more past due, stood at 2.4 percent, down from 4.2 percent year-over-year.

All of the above categories include foreclosures.

The national foreclosure rate in September was 0.2 percent, down 0.1 percent from exactly one year earlier and the lowest foreclosure since 1999.

In the Inland Empire, the foreclosure rate was 0.1 percent, virtually unchanged year-over-year, CoreLogic reported.