A president pro tempore is the leader of the Senate when the  Vice-President is not there. (pro tempore is Latin phrase which  means for the time being.) Unlike the VP, he â¦ can also vote to  create a tie, since he is a Senator. The position is elected by the  Senators.
Home equity loans and lines of credit. Where rates are now: 4.72 percent average for a HELOC; 6.03 for a home equity loan. Projected rates for end of 2015: 5.2 percent average for a HELOC; 6.5 percent for a home equity loan. Rates on both home equity loans and lines of credit wonât change much during first half of the year, at least not until the Fed raises short-term interest rates. The change to home equity lines of credit may be more pronounced.
If mortgage rates go to 6%, here's what happens to housing. John W. Schoen | @johnwschoen. SHARES. When it comes to interest rates, what goes down eventually must go up. And as interest rates begin moving back up to more normal levels, that could spell trouble for home prices. When the bottom fell out of the housing market in 2007, the Federal Reserve responded by pushing borrowing rates to record low levels.