BALLOON MORTGAGE
A kind of short-term mortgage. The balloon mortgages oblige the borrowers to provide regular payments for a particular interval, then pay off the remaining balance on a relatively short span. Some kinds of balloon mortgages may be interest-only for 10 years, with the final "balloon" payment to pay off the balance attained as one huge installment at the end of the term.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
