Posted by Anonymous on 11/1/05 4:22pm
Msg #73480

climbing interest rates

with interest rates climbing, what is the predicition for this type of work? Who will be able to maintain a livable income and is it worth getting into?

Reply by PJM/MI on 11/1/05 4:48pm
Msg #73484

Are you in this business or just thinking about it?
re: interest rates... my feelings are that people are going to re-fi..no matter where the rates are. Things happen that they need cash for..medical bills, education, credit cards, etc.

Reply by Anonymous on 11/1/05 4:52pm
Msg #73486

Thinking about it. Doing research and finding that refi's seem to be going bye bye. I suppose if you are established as a notary then you can weather the storm but just starting out when interest rates are rising doesn't seem to be wise decision.

Reply by Anonymous on 11/1/05 8:19pm
Msg #73528

One point about rising interest rates. No matter how high they go. Credit card rates will always be higher. And it has been my experience that at least 80% of Re-Fi's are done at least in part to pay off credit card debt.

Reply by Anonymous on 11/2/05 1:31am
Msg #73597

It will get much tougher

When rates fall 10 out of 10 refi. When rates rise, those that move, trade up growing family or thoese with financial problems refi(not those staying in their homes just looking for a lower rate). Thus, this business will slow.