1. Average Prime is 5.77% since January 1995 compared to today’s Prime of 4.75%. Next decision day is December 6/05 which is expected to result in 5.00% Prime.
2. Expect moderate increases upwards to the 5.77% 10 year average over the next 6 to 12 months.
3. New Mortgages should now also consider Fixed Rate alternatives of 3.4,5, 7 and 10 years, as well as any and all variable rate options.
4. Prime Rates have been rising since Aug 24/05 however the 5 Year Bond Yields which cause these increases, appears to be leveling off recently.
