Mark Wills breaks down mortgage rates hitting their lowest point in nearly three years and what that means for notary signing agents. Lower rates are driving refinance activity and new purchase opportunities in real estate.
Chapters
Christmas in January. Well, for notary public loan signing agents and even heck, realtors and lenders, it is a great time to be in the industry because read this with me. Mortgage rates dropped to the lowest level in nearly three years. So another way of saying this is everyone who's bought a house. The millions and millions and millions of homeowners in the past three years have higher interest rates than today right there January 9th, because interest rates have dropped. I can get in all the boring stuff like there's $200 billion being bought by mortgage securities which drops long term interest rates. But here is the simple black and white. I promise you this time next week when you see another headline that says mortgage applications have an uptick because people are going to want to buy houses with the lower interest rates. People have a higher interest rate, are going to be refinancing. So assume mortgage applications going up and that is Christmas in January. So share this with everybody you know because it's not been a better time to buy or refinance with which means loan signings for notary loan signing agents. So that momentum of the new Year's resolution will let this add gasoline to the fire. Go all in. Tell everyone you know that you're a mortgage notary public loan signing agent. Tell all the realtors and lenders, I know it's about to get busy and I want to serve you. Happy New Year's. Go all in and let's go.
