BALLOON PAYMENT
An enormous payment owed at the end of a commercial loan, mortgage or other amortized loan. Because the whole loan amount is not amortized within the span of the loan, the balance left will be due as a last repayment to the lender.
Balloon payments are usually pre-packaged as "two-step mortgages." In this kind of mortgage, a balloon payment will be provided into a continuing or new amortized mortgage at existing market rates.
Balloon payments can happen within an adjustable-rate mortgage (ARM) or at a fixed rate.
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| Time | Country | Indices | Period |
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| 06:30 | Tertiary Industry Index | Apr | |
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| 09:00 | SECO Consumer Confidence | May | |
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| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
