The APOR, which is published weekly by the Federal Financial Institutions Examination Council (FFIEC), is an estimate of the APR on loans being offered to high-quality prime borrowers based on the contract interest rates and discount points reported by Freddie Mac in its Primary Mortgage Market Survey.
BIS central bankers’ speeches  5  originated by smaller lenders tend to be nonconforming or out of the ordinary in other ways and consequently carry higher prices to compensate for the lower liquidity or somewhat higher credit and interest-rate risk.