I was wondering if anyone has any predictions about what the prime rate is likely to do over the next 2-3 years?
I expect it to drop over the next several months (.5%-1.5%???) - but was wondering if
A. others also think it’ll drop by at least a point in the short term
B. if you think it will relatively quickly rebound to current levels in ~12-18 months?
C. or stay lower than current levels for any extended period of time.
I ask b/c I have a decent amount of money borrowed on equity lines (tied to prime), love the flexibility of lines, and don’t really want to convert the lines into fixed rate loans - even at the current rates.