U.S. mortgage delinquencies remained almost unchanged in July, nudging up 0.1 percentage point to 2.7% from 2.6% in June, according to CoreLogic’s Loan Performance Insights.

In fact, both delinquency and foreclosure rates hovered near all-time lows in July.

“Overall U.S. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic, in a news release.

She added: “Since most borrowers have substantial amounts of home equity, those who have locked in low mortgage rates that do enter later stages of delinquency will most likely not experience foreclosures.”

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