According to this article I found below from cbsnews.com 1 in 4 people with mortgages are underwater. So that means they owe more then what the house is worth. Should people be worried…..I say no! If you call your house a home and plan on living there for some time, then you have nothing to worry about as long as you are in a home you love and able to afford the payment each month. If you are in a house that you needed to sell now or in 3 to 5 years from now……yes this might be an issue for you. Hope this article you find helpful 
Click here for full article.
Wow, The report from the article I found below about mortgage rates have fallen again for the 3rd consecutive week. As a reminder check out my previous post about 1st quarter of 2010 and to watch out for mortgage rates. Hope this helps and now is the time.
Mortgage Rates Fall Again
Found this article right here Click here. Pulled a little bit out from the article shown below. Hope you guys enjoy
Five ways to prepare for higher mortgage rates:
1. If you’re buying, don’t borrow as much as lenders will allow you to have.
2. If you have a variable-rate mortgage, where costs rise along with your lender’s prime rate, set your payments higher than they need to be to create a cushion to absorb rate increases.
3. Make a lump-sum payment on your mortgage or increase your regular payments.
4. Find out what your mortgage balance will be on renewal and use an online mortgage calculator to project what your payments could be if you were to renew at higher rates.
5. Remember that higher mortgage costs will limit your ability to carry other debts.
Found this slide show pretty interesting. California and Florida seems to make up most the list but Nevada tops the list. Hope you enjoy
http://www.cnbc.com/id/33962953
