SIMPLE-INTEREST MORTGAGE
Simple-interest mortgage is a mortgage wherein the computation of interest takes place daily. A traditional mortgage computes interest monthly. The computation of a daily interest charge in the simple-interest mortgage is done by dividing the interest rate by 365 days and then multiplying it by the amount of the mortgage balance. With the same concept. a monthly interest charge is determined the same way. For a short cut, just multiply the daily interest charge by the number of days in the month.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Mar | |
| 08:00 | PPI | Apr | |
| 10:00 | Current Account (sa) | Mar | |
| 12:00 | Bundesbank Monthly Report | ||
| 15:30 | Leading Indicators | Mar | |
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