Robert McLister·Mortgage Rate Trends·July 7, 2009BCREA Sees A 3% Prime Rate In 18 Months The British Columbia Real Estate Association predicts prime rate will start rising in the 2nd quarter 2010, and climb 0.75% by December 2010. It also has an opinion on fixed rates. It says they’ll “edge up this year and next but remain near record lows by historical standards.” The BCREA’s forecast calls for a 1/2% increase in 5-year fixed rates over the next 18 months. More… Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.