By Andrew Dehan, Bankrate.com

If you remember the turmoil of the global financial crisis, hearing that foreclosure activity is up might make your knees weak and palms sweaty. I know I can’t help it.

After reading recent reports of climbing foreclosures, I spoke with experts ranging from real estate data companies to non-profit debt counselors to foreclosure auction sites. Their opinion? The national foreclosure rate is still quite low.

So take a deep breath. This isn’t 2008. The housing market isn’t about to crash. The picture is much more complex than one statistic lets on. Here’s why they aren’t panicking and neither should you.

Current foreclosure numbers aren’t quite as scary when you give them a little historical context. It’s like turning on the lights in a dark basement. We rema

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