INTEREST COST
Total interest incurred by a borrower over the entire term of a loan. The amount should include any points paid to cut down the interest rate on a loan, since points are basically pre-paid interest. In addition, any negative points or rebates paid by a lender to a borrower should be deducted from the interest cost since they are in effect a refund of future interest the borrower will pay on the loan.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 01:01 | Rightmove House Prices | Jun | |
| 01:50 | Trade Balance | May | |
| 10:00 | Trade Balance | Apr | |
| 12:00 | Bundesbank Monthly Report | ||
| 16:00 | NAHB Housing Market Index | Jun | |
| 16:30 | Leading Index (Conference Board) | Apr | |
| 19:00 | BOC Deputy Governor Lynn Patterson Speaks | ||
| 19:00 | FOMC Member Raphael W. Bostic Speaks | ||
| 21:00 | ECB President Mario Draghi Speaks |
