Another interesting piece of information out of Bankrate.com's mortgage loan survey.

Most renters are not staying out of the housing market for fear that prices will go down; instead 40 percent said the main obstacle holding them back from a purchase was that they didn't have enough money to afford a home, according to our poll.

Twelve percent of renters said they couldn't buy because their credit scores weren't high enough.

Nationwide, less than 2 percent of renters surveyed said fear of falling prices was causing them to hold back. And that share was still under 3 percent in the high-priced Northeast and West. Another 9 percent of respondents said they simply don't want to buy a home. Nationwide, nearly 13 percent reported that they intend to buy a home soon.

More: Mortgage ignorance rampant - By Elizabeth Razzi, Bankrate.com