Many people are very jittery about the current status of the financial market. It should be noted that real estate mortgages are not directly effected by downturns in the arket since investors buying mortgages are looking at the long term and not short term as seen in the stock market. The submarket melt-down was inevidentable due to loans being made to buyers at terms that esculate to the point that they can no longer afford their house payments. It takes disipline to purchase a home, it is a large investment and not only are the payments a factor there is insurance, taxes, repairs and unexpected expernses.