Interest Rate Movements Year Prime Rate Conventional Mortgage Rate (5 Years) 1988 10.83% 11.65% 1989 13.33% 12.06% 1990 14.06% 13.35% 1991 9.94% 11.13% 1992 7.48% 9.51% 1993 5.94% 8.78% 1994 6.88% 9.53% 1995 8.65% 9.16% 1996 6.06% 7.93% 1997 4.90% 7.00% 1998 6.60% 6.93%
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