This represents a 0.8 percentage point decline in the overall delinquency rate compared with June 2016 when it was 5.3 percent. As of June 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7 percent, down from 0.9 percent in June 2016 and the lowest since the rate was also 0.7 percent in July 2007.
