5-6 HYBRID ADJUSTABLE-RATE MORTGAGE - 5-6 HYBRID ARM
Adjustable-rate mortgage with a fixed interest rate for five years. After this period, the interest rate becomes floating, which will be changed every six months based on an index plus the margin or fully indexed interest rate. The margin is fixed for the loan’s life span while the index is variable. Such mortgages are normally linked to the six-month London Interbank Offered Rate (LIBOR) index.
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Floating Production Storage and Offloading
An acronym for Floating Production Storage and Offloading. FPSO is a floating vessel located near an oil platform, where oil is processed and store ...
Outside Broker
It may refer to a salesperson of a real estate who works for a competing real estate company. It may also refer to a securities broker who primaril ...
Plottage
A term in real estate that refers to the process of combining adjacent parcels to form one larger parcel. The value of the whole parcel will normal ...
Pairing Off
Pairing Off is an illegal activity done by a brokerage firm offsetting short and long position between house accounts through collecting cash payme ...
Mortgage Index
Benchmark interest rate on adjustable rate mortgages. Known as the entire indexed interest rate, it is composed of an index value plus margin. The ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | Prelim Machine Tool Orders | Mar | |
| 10:00 | New Yuan Loans | Mar | |
| 11:00 | Retail Sales | Feb | |
| 13:00 | MPC Member Andy Haldane Speaks | ||
| 15:00 | MPC Member Silvana Tenreyro Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter | |
| 19:00 | FOMC Member Eric Rosengren Speaks | ||
| 19:01 | 10-y Bond Auction | Apr |
