Consumers Opt To Pay Credit Card Bills Instead of Mortgages

The San Francisco Business Times reported an interesting trend earlier this week: some consumers in California are opting to pay their credit card bills instead of their mortgages.  Interesting.  In the past, consumers have usually paid their bills for secured credit (houses, cars) ahead of their unsecured credit (the credit card debt).  Are we going to see a new wave of short sales and foreclosures?  Do these consumers expect help from the government. Even as adjustable loans re-set to higher rates, mortgage rates are often considerably lower than credit card rates.  Interesting trend to watch.  Too small to fail?