Private loan refinance

[ebenbow]

I have TU score from myfico of 724.

I have about 20K in loans at 8.4%fixed.

Would it be wise to obtain a variable rate loan based on the prime rate.  For example Wells Fargo Consolidation program I may be able to get a rate closer to 4% variable with no origination fees. 

Is the prime rate going to go up alot in the future?  Obviously unpredictable but any thoughts?

[Anonymous]

I suppose much depends on what your timeline is for paying this off. It might be worthwhile if you're looking at paying it off as quickly as possible. If you want to take longer, though....this could bite you. Almost impossible to say what interest rates will do long-term.