A notary signing agent breaks down why 2024 could bring a refinance boom as interest rates drop. The video covers housing market trends, rate forecasts, and how to position your business now to capture that wave of work.
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If you're a notary public loan signing agent, I hope you're excited because read this title with me. The interest rate drop we've all been waiting for is coming in 2024. Interest rates are lowering. If you've been following my channel, I told you once we get inflation under control in this country, they have no choice but to start lowering the interest rate. So what does that mean? Refinance boom is coming in 2024. Look, here are the facts. Millions and millions. In fact, they estimate 4.3 million homes were sold and bought in 2023. Add that with another 4 million in 2022. There are 8 million homeowners who bought in the past two years with interest rates anywhere from 6 to 8%. And as interest rates start trickling down, the people bought at 8 are going to start refinancing when interest rates get to seven, people bought at seven. They're going to start refinancing when interest rates get to six and so forth. What we've been waiting for is here, so I hope you're excited. They plan on six different rate cuts over the next 24 months. So here is the game plan. Unsuccessful notary public loan signing agents are going to wait to start marketing direct to realtors and lenders and escrow officers when the refi boom is here. A successful signing agent, which is you, because you're watching this video right now, understands what's on the horizon. So you realize I want to make the relationships as the refi boom is coming. So I'm collecting all the business as it starts cresting. You don't want to just start marketing during the crest because you're going to lose tens of thousands of dollars while the wave is getting to its pe. So you understand that now is the time to go into your marketing efforts extremely hard. So here's what's going to happen. In my prediction, Q1 is going to be much like it is the past four quarters. But Q2 is when interest rates are really going to start dramatically start getting cut. And by this time the summer comes around, it's going to be bananas because the market will be in the summertime purchase market. Everyone knows that the summertime is the best purchase market in this country as far as seasonalities. But then if you marry that with the refinance movement that should be coming in Q3 because by that time they've cut rates about four times. So I need you to start preparing for what's going to happen in the next six months. And what you do is do that Right now, start talking to your realtor, start talking to dust your marketing chops off and let's go all in. Remember the signing agent who tells the most people that they're a notary public loan signing agent makes the most money. Can we stop over complicating the business? You have the knowledge, you have the information. You know what's on the horizon because you follow my channel. You know interest rates are coming. The Fed has set it crystal clear. Just google this right now and you'll see all the information on six rate cuts coming over the next 12 months. And frankly what they're saying is probably the next 12 to 18 months. Now will it ever get back to 3%? No. But should it trickle its way back to 6 5%? Absolutely. And remember there are millions of homeowners who have bought at 7 and 8% and they're all going to refinance and the purchase market is going to continue to get hot because affordability is going to come back in the picture. There's never been a better time to be a notary public loan signing agent right now in the past two years. Years. Look at the title of this article. The rate change is coming. It's going to affect you positively if you go out and get the business. Remember this business is seasonal, it's cyclical. We went through a high interest rate moment the past two years. It's now going to get lower. You now know it's going to get lower. So it's time to go all in. So so excited you watch this. I put a link to the actual article down below so you can read it yourself. And if you want weekly updates on market changes, I want you to join my newsletter right now. I send out weekly market updates to tens of thousand of notary so join it by clicking the link also which is down below. If you like this video, hit like you want information just like this. Follow my channel and again click the link down below to get on my email list to get weekly updates so you can get excited with the rate drops are about to happen. Let's go Sam.
