I.F.Notary215

😀

For all my fellow mobile notaries!!

💡🤔..Did you know that in Pennsylvania 2 witnesses are required over the age of 18 for a POA ( Power of Attorney) and Living Will.

💡🤔... ¿Sabías que en Pensilvania se requieren 2 testigos mayores de 18 años para un POA (poder notarial) y un testamento vital?

Mobile notary providing services in the Philadelphia, Montgomery and Bucks county areas.

Notario móvil que brinda servicios en las áreas de los condados de Filadelfia, Montgomery y Bucks

Need a notary? Feel free to reach out. I can meet you anywhere that's convenient for you 😀

Hi,
I service the Philadelphia, Montgomery and Bucks county areas.

R.U.L.O.N.A=
Revised Uniform Law on Notarial Acts

FYI: As a Notary Public in PA, we cannot accept expired IDs or Passports unless personally known to us or credible witness that is known to the notary and signer.

I.F.Notary215 I am a bilingual PA Notary Public who is fluent in speaking, writing and reading in Spanish. I'm ver

“The long–term average for mortgage rates is just under 8 percent. That’s according to Freddie Mac records going back to 1971.”

The problem we are all currently having is for the past few years we were seeing rates never seen before, and possibly will never see again. From 2019 through 2021 I refinanced with some individuals three separate times, each time they lowered their interest rate, shortened the length of their loan, lowered their monthly payment, and in some cases cashed out the equity. I watched with these loans an interest rate drop from 5.9% to 4.2% to 3.1%. Never before seen rates.

Now, the panic comes into play because while those low interest rates are really only rising to actual “historically normal” rates, everything else is rising as well…Groceries, building supplies, paper products, gas, etc. With the cost of everything else going up, it makes it tough for accept the mortgage interest rates as well. Especially when the average 30-year rate jumped from 3.76% to 5.78% between March 3 and June 16.

The chart below sets it out on average year by year. I am also highlighting some of an article I was reading (for the full read go to Mortgage Rates Chart | Historical and Current Rate Trends ([themortgagereports.com](https://themortgagereports.com/?fbclid=IwAR0ZQ-9K5-vOb912M1hiMErHIkY-4XUdl6zvcwk4GDHDi3oUSheI_rgX95I))

Important Years for Rate:

1981: The All-Time High for Mortgage Rates - 1981 was the worst year for mortgage interest rates on record. The average mortgage rate in 1981 was 16.63%. For the week of Oct. 9, 1981, mortgage rates averaged 18.63%, the highest weekly rate on record, and almost five times the 2019 annual rate.

2008: The Mortgage Slump - 2008 was the final gasp of the mortgage meltdown. Real estate financing was available in 2008 for 6.03% according to Freddie Mac. Post 2008, rates declined steadily

2016: An All-Time Low for Rates - Until recently, 2016 held the lowest annual mortgage rate on record going back to 1971. Freddie Mac says the typical 2016 mortgage was priced at just 3.65%.

2019: The Surprise Mortgage Rate Drop-Off - In 2018, many economists predicted that 2019 mortgage rates would top 5.5%. That turned out to be wrong. In fact, rates dropped in 2019. The average mortgage rate went from 4.54% in 2018 to 3.94% in 2019. In 2019, it was thought mortgage rates couldn’t go much lower. But 2020 and 2021 proved that thinking wrong again.

2021: The Lowest 30-Year Mortgage Rates Ever - Rates plummeted in 2020 and 2021 in response to the Coronavirus pandemic. By July 2020, the 30-year fixed rate fell below 3% for the first time. And it kept falling to a new record low of just 2.65% in January 2021.

2022: Mortgage Rates Spike - Thanks to a rapid economic recovery and a drawback on mortgage stimulus by the Fed, mortgage rates spiked in the first six months of 2022. According to Freddie Mac’s records, the average 30-year rate jumped from 3.76% to 5.78% between March 3 and June 16 — an increase of over 200 basis points (2.00%) in just three months.

FYI

30-day Extension to Record Notary Bond/Oath/Commission and Register Signature Ending September 30, 2021 | Notary Notes Blog The Governor’s 30-day extension of the 45-day period for appointed notaries to get sworn in and record the bond/oath/commission with the Recorder of Deeds and to register the notary signature with the Prothonotary is coming to an end. Notaries appointed up to and including July 16th will receive t...