I think people will be having such financial pressures buying food, gas and other essentials that the debt payments will still be hard to make.
Buy the food, gas and other essentials NOW while it's still cheap. You home is already "bought" maybe not paid for, but you and the bank agreed on a price that price is not likely to change while wheat rice cotton fuel and pm's all continue to skyrocket.
I suggest make your min house payments and get stock up on as much goods as you can now. When you feel you have enough to support your family go after the house payments.
for example I was buying 50# bags of rice last fall for about $13, now $20
wheat went from $7-8 / 50# to $10-13. We all know where fuel could be going. Cotton is up over 200%. That means a 20$ pair of cheap walmart jeans could soon be 80$. I think the developing countries (middle east) are feeling the increases before us because they get the raw material like wheat. Here we get a box of shredded wheat so the increase takes months to trickle through the supply line, but it's coming our way for sure.
Tell me, how much did your house payment go up in the last 6 month? It stayed the same didn't it?
If it's not up 50%-100% then why would you want to pay extra on your most stable bill and watch the prices of all the other things we need shoot through the roof?
I say get as much as you can afford/store while it's still cheap and look for as many alternatives as you can. I can use waste oil for heat and fuel, but I still stocked up on some diesel anyway. I grabbed a lot of coffee, I'm not buying anymore now, unless it's a good sale. I plan to try some alt coffee like dandelion root, I think cattails work too. I have a supply of canned and frozen meat, but I have a fishing pole and a bow as an alt. to stretch my supply. I have a little solar, not enough to run things as normal, but enough to get by. So if energy prices shoot up or rolling black outs go into effect we can get by. If you have no back up power keep an eye on c-list and ebay. pick up a couple 100 watts of panels, inverter and some golf cart batteries. You don't have to install it right now, but atleast you have it. I have 150w on my camper and few more waiting to go on a shed or trailer.
Well it's long winded, but that's my plan and more important the thought behind it. I think it's the best I can do for my family, it might not fit your needs.