Zeev's Turnips Patch-No Politics (ZEEV)

[Ken2]

Zeev and others,

I am planning to refinance again to take advantage of the even lower interest rates. My current lender is offering me a no cost switchover to a variable 15-year loan at Prime.

If interest rates stay the same or go lower, this would be great. He says that we can switch to a fixed rate loan if rates start going up. The idea is to pay extra over and above the monthly payment in order to pay off the loan early.

What is the likelihood that the Prime will move up significantly over the next few years vs. staying the same or going down?

All comments and links to info would be greatly appreciated.

Thanks - Ken