Predictions on Prime Rate? (mortgage-related)
Just wanted to see everyone's feel on this as still deciding whether to go w/ a variable rate mortgage renewal or the fixed rate, which is lower atm. Some ppl are saying that the fixed is good since: 1) variable rate choice is already higher; and 2) prime rate is expected to go up, in which case, I'm good.
Obviously, no one knows for sure and it's a crystal ball thing but since I'm nowhere near mkt financially-savvy as many of you guys, just wanted to see what you all think.
Atm, prime is 2.7%, will it go up or down in 2016? Poll included.
Obviously, no one knows for sure and it's a crystal ball thing but since I'm nowhere near mkt financially-savvy as many of you guys, just wanted to see what you all think.
Atm, prime is 2.7%, will it go up or down in 2016? Poll included.