Hello,

We are looking at a 10 yr HELOC that has an adjustable rate based on the prime rate.  It's attractive because there are no upfront fees. However, we are concerned about the future of the prime rate, and may opt for a fixed-rate conventional mortgage for that reason.

 Where is the prime rate expected to go over the next 10 years, and by how much?

Thanks!

No one has any idea. Can you get a fixed rate HELOC? I don't know what the rates are like in the US, but in Canada they are still really low.

@William Coet Nobody can predict the future. However, you can look at the historical Prime Rate to get an idea of what it’s done over the PAST 10 years, and you’ll see that the rate during that time has fluctuated from a low of 3.25% to a high of 5.5%.