The Prime Rate and Next 2 years!?

I am planning on getting a $200K loan from my bank in the spring 2010. The prime rate is currently set at 5.25%, how low do you think it will continue to drop, and where do you predict it will be in 2 years?

Thanks

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Answer:
I don't think any of us can predict that at this time.. With the Presidential election coming up I think until after the election that is going to be anybody's "guess".. It can go either way, up a point or two, or down the same way… I think we'll have a better indication after the election..

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Answer:
no 1 can predict that far away

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Answer:
i think it has reached the bottom — maybe 1/4 point more but feel it will be right at 6.75 in 2010!!!

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Answer:
Anybody who could accurately predict interest rates that far into the future certainly would not be here on these boards and if they knew, certainly would not share that information with non-paying customers such as ourselves. Anything you get from anybody here is a pure guess. All that being said, my pure guess is that interest rates will rise between now and then especially if a Democrat gets elected as President as as their economic policy will be to juice the economy no matter what that might do to inflation. And inflation means higher interest rates.

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