Clicks were up on new notary listings. Notaries who we spoke to on the
phone had lots of work. Things were slow from 2014 to mid-2019, but
now things have picked up. Interest rates dropped at least for now.
The future is still uncertain. So, how much longer will things still
be good for notaries?
According to experts, October 2019 will be unpredictable for mortgage
rates as the trade war with China and other political developments
could affect that rate in either direction.
For the remainder of 2019 mortgage rates are expected to be 3.85%
which is an average of various financial agencies such as Freddie Mac,
National Association of Realtors, and several others. The Fed is also
expected to lower rates a little over the next few years.
My personal prediction is that interest rates need to be kept
artificially low because too many governments are in over their heads
in debt. If interest rates rise, half of the world’s governments will
go under which will not be good for any of us. In the long run,
mortgage rates cannot go above 5% for long, otherwise there will be an
economic catastrophe and a chain of failed debt and eventual
bankruptcy on all levels.