Rates are at all time lows.

30 yr fixed – 4.5%
15 yr fixed – 4.0%
10 yr fixed – 3.875%
7/1 ARM – 3.75%
5/1 ARM – 3.5%

Info provided by Ryan Keifer, PNC Mortgage & the Mortgage Market Guide

By Phoebe Chongchua

At a time when many homeowners are walking away from their homes and letting them be foreclosed on, others who are hanging in there may be racking up delinquencies by not paying their Homeowners Association Fees which ultimately hurts not only the HOA but also the entire development and its owners.

Those delinquencies can make it very difficult for homeowners in the same development to sell their home. "I would bet that there's not a community out there that doesn't have some delinquency," says Ira Ginsberg, vice president of First Choice Financial Solutions. The company purchases the delinquencies from the HOA, provides immediate cash to the HOA, and then proceeds to collect the funds from the delinquent homeowner.