Savings and loan crisis coming?

[Luka Milicevic]

If you have had to order an appraisal in the last year, you would know that appraisers have so much work right now they can't keep up. 

I have an appraiser that is a good friend of mine. He said he has too much work to handle right now, and it's largely due to refinancing. 

Just about everyone is refinancing right now it seems like in order to take advantage of the low rates. 

I don't foresee interest rates rising over the next couple of years, but people have taken out fixed interest rates for 20-30 year terms. Surely, over the next 20 years we will see rates go up. 

So what happens when they start to rise? Will we have another savings and loan crisis like in the 90s? Banks can't pay more on their deposits than they are receiving from their loans. Will they start calling notes due? Surely they can't call loans due today like they could 30 years ago.

Curious on what the thoughts are from the BP community.