By now, you've probably heard that the government is bailing out the two largest mortgage companies in the country.

But you're probably thinking -- how does this affect my mortgage.....my pocketbook?

Fannie Mae and Freddie Mac own or guarantee nearly 50% of the $12-trillion of home mortgage debt in the U.S.  These loans for overvalued homes, given to over-extended borrowers  -- mean a lot of loans are going belly-up.

So what does this mean for the typical Arkansan?

"If you have a mortgage and continue to own it, nothing's going to change for you. You'll continue to make your monthly payment of principal and interest. If you're looking to buy a new house or refinance, then there may be a tightening or inability to do the mortgage you would like," financial professional, Thomas McCain said, with Metropolitan Capital Management.

And it's not just borrowers that are hurting -- businesses like title companies and real estate appraisers have been hit hard and the rescue will continue the pinch.