Sam and a co-host break down whether now is a good time to become a notary signing agent as mortgage rates dip below 6%. They cover the refinancing boom and what it means for loan signing work in 2025.
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You are watching this video because you're interested in becoming notary public loan signing agent. And like they say, timing is everything because Read this with me.
Mortgage rates have tumbled to its lowest point since April 2023. That's not April 2024 and it's almost 18 months ago. So let's unpack this to make you even more excited about the journey you're about to start.
In 2023, there has been approximately 4 million home sales. And in 2024, first two quarters have been about 2 million home sales. Over the past 18 months, there's been about 6 million homeowners in America who've all bought houses over 6%. So I don't think you need a degree in economics to understand that you.
Can say Finance boom coming.
There's not been a better time to be a signing agent than right now. Inflation is getting under control, the cutting rates, the news is everywhere. There's not been a better time to be a notary loan signing agent than right now. Every single home in America needs a notary close. And as this refi boom picks up, there's actually going to be a shortage of notaries because we're not going to be enough talent of notaries out there to fulfill the millions of homeowners that are about to refinance to get their rate even lower to save money. What an incredible time to be a notary loan signing agent. Now remember, as interest rates go down, home affordability goes up. $400,000 home at 7% is now a different mortgage payment. $400,000 at 6%. And could you imagine when interest rates get down to 5, there are cracks in the recession. So not only is the inflation getting under control, it seems like we're headed to recession. And remember, notaries love recessions. Why? Because it means lower interest rates. How do they get out of recession? By getting people to spend. How do you get people to spend by lower interest rates. It is all coming together. Has not been a better time to be a notary public loan signing agent. Now to get more information to be a notary loan signing agent, click the link down below. If like information just like this and more market updates as the market is.
Evolving in real time, make sure you like subscribe to this channel and of course if any comments about the economy, where it's going, my predictions, make sure you comment below. Sam.
