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Post by richarda on Dec 1, 2017 15:51:23 GMT
This morning (28/11) my loans that had matured overnight were already lent out at a Priority Rate of 5.2%. Market stabilising? Probably not since in the GS model everyone will simply keep their reinvestment setting on Priority Rate until their money can do better elsewhere. I've just switched to Market Rate to see what happens. I'll not be holding my breath, though. Richard. you'll be waiting a long time - there has been not a single match at "market" rate since June! Not so long as it turns out. Lent out a today (1/12) at 5.3%. I set reinvestment to market rate on tuesday. Another more recent order (30/11) also completed today at the market rate. So, if that's anything to go by, we have little cash drag even at market rate. Richard.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Dec 2, 2017 5:59:42 GMT
you'll be waiting a long time - there has been not a single match at "market" rate since June! Not so long as it turns out. Lent out a today (1/12) at 5.3%. I set reinvestment to market rate on tuesday. Another more recent order (30/11) also completed today at the market rate. So, if that's anything to go by, we have little cash drag even at market rate. Richard. Wow. Good to know. Corner turned?
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amphoria
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Post by amphoria on Dec 2, 2017 9:55:49 GMT
According to the re-investment settings page, the market rate is now 5.4%. Presumably pulled up by some of the high rates matched yesterday. There is currently around half a day's offers at the priority rate.
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Dec 2, 2017 22:22:46 GMT
Not so long as it turns out. Lent out a today (1/12) at 5.3%. I set reinvestment to market rate on tuesday. Another more recent order (30/11) also completed today at the market rate. So, if that's anything to go by, we have little cash drag even at market rate. Richard. Wow. Good to know. Corner turned? It would certainly appear the unmatched orders chart has been turned on its head in the last day or two, it would be interesting to understand what caused this.
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Post by nesako on Dec 3, 2017 9:34:28 GMT
Bump. I've set this to bump every 3 weeks which will probably be in line with what the title says on the tin. That's optimistic - rates have been continually falling by 0.1% closer to every TWO weeks! 26th July Priority Rate fell to 6.0% 6th August Priority Rate fell to 5.9% (11 days later) 24th August Priority Rate fell to 5.8% (18 days later) 6th September Priority Rate fell to 5.7% (13 days later) 27th September Priority Rate fell to 5.6% (21 days later) 10th October Priority Rate fell to 5.5% (13 days later) 28th October Priority Rate fell to 5.4% (18 days later) 12th November Priority Rate fell to 5.3% (15 days later) 28th November Priority Rate fell to 5.2% (16 days later) ...by the end of the year, we'll be down to 5.0%. By the end of the current financial year, we'll be down to around 4.4% Seems like the Priority Rate increased back to 5.3%, very interesting to see whether this will be the value which will be fixed in 2 weeks or will it go up a bit more...
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greatmarko
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Post by greatmarko on Dec 4, 2017 11:38:16 GMT
Seems like the Priority Rate increased back to 5.3%, very interesting to see whether this will be the value which will be fixed in 2 weeks or will it go up a bit more... Hmmm... interesting! I never received a rate change email notification for this increase though - did anyone else?
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Post by nesako on Dec 4, 2017 14:37:07 GMT
Seems like the Priority Rate increased back to 5.3%, very interesting to see whether this will be the value which will be fixed in 2 weeks or will it go up a bit more... Hmmm... interesting! I never received a rate change email notification for this increase though - did anyone else? You would only get the decrease e-mails, but then again, these will become obsolete in 2 weeks since rate is supposed to become fixed 
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Post by dan1 on Dec 5, 2017 12:05:49 GMT
Hmmm... interesting! I never received a rate change email notification for this increase though - did anyone else? You would only get the decrease e-mails, but then again, these will become obsolete in 2 weeks since rate is supposed to become fixed Priority rate back down to 5.2% but no email yet. Perhaps they only send emails when a new low rate has been reached. Their site appears to be responding very slowly for me too. Ho hum
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greatmarko
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Post by greatmarko on Dec 5, 2017 17:21:08 GMT
Hmmm... interesting! I never received a rate change email notification for this increase though - did anyone else? You would only get the decrease e-mails... Why? They're supposed to be rate CHANGE notifications, i.e. sent whenever the rate changes (be that an decrease or an increase)
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