Delaware recorded the highest foreclosure rate at one filing for every 1,739 housing units. South Carolina was No. 2 with one in every 1,745.

As inflation runs hotter and the 10-year yield hits a yearly high, improved spreads help keep rates under 6.64% and demand steady.

CPI rose 0.6% in April and inflation is 3.8%, but a 1.96% spread helps keep mortgage rates near 6.52% not 7%+.