Notary Signing Agents Concerned About Rising Interest Rates

When interest rates trend up, home loan refinances trend down and new loan originations trend down. Wages trend up as interest rates increase and as do the fees paid for property preservation tasks and field service inspections. A little inflation is good for the field services industry when you think that the average mortgage inspection fee is a mere $3. So what is a bank savings account today? The FED has kept interest rates so low that no one deposits savings in a bank as the interest rate is so very low.

I read an interesting article this morning about why interest rates will never get back to the 6-percent normal of yesteryears. Some of you will ignore the real facts and try to put a political spin on it. Spin all you want!

What would be the affect if interest rates went back to 6-percent as in 2000? How would that affect your share of the national debt? Spin all you want on who created the national debt. Facts say it really exists. The article says that the Federal Reserve can never let interest rates get back to the 2000 6-percent “normal”. It’s not going to happen.

I had one inspector tell me that the large national debt is not related to field services …. that talking about it is a distraction. The facts say that the national debt affects everyone who works and trys to save a few dollars. Don’t let people tell you what is important in your life. Figure it out on your own.