smezz
Posts: 180
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Post by smezz on Nov 28, 2017 11:09:05 GMT
What I think you are pointing out is that the market behaves as in 'crossover' when the borrowing rate >= lender rate not just >. So rates being = is a special case of crossover - maybe we need a new term?
I'm not sure if they have 'fixed' crossover. There is some debate about whether it's a bug or a feature.
I still think it happens when borrowers are greater than or a high percentage of lenders figures.
At the moment there is a very large lender figure > £3M the previous largest I saw was ~ £1.5M (up to 6.6%) in the last 12 weeks or so.
We need a lot of big borrowers (on 5% market) before 6.5% comes back (or we can say that crossover is a thing of the past) I think.
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loadsahope
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Post by loadsahope on Dec 7, 2017 13:55:52 GMT
1 year market crossed at 5.4 at the moment
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Post by yorkman on Dec 8, 2017 14:30:57 GMT
And again. I had a number of lots waiting at 5.7 when I noticed last match was 5.8. Changed all my 5.7's to 5.8 and got instant matches. Very strange.
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Post by fiatlender on Dec 8, 2017 14:55:42 GMT
Had some sitting at 5.9%, so queue jumped lenders with £400k sitting at 5.7% & 5.8% and matched at 5.8%
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loadsahope
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Post by loadsahope on Dec 9, 2017 11:57:08 GMT
So it's because of you <swearwords> that my 5.9 didn't match
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puddleduck
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Post by puddleduck on Dec 23, 2017 10:29:36 GMT
As I posted earlier it was £1.28M when I first saw it. Hope it's for a good project! It seems everyone got paid back yesterday. Now if this was a big property development loan 7% was a very good rate, and I very much doubt it would be redeemed only 6 weeks later. If the loan was to multiple borrowers, then as we all seem have been paid back, this again feels like Ratesetter borrowing at a lower rate then repaying the higher ones. I personally expect anything much over 5.5% to be paid back quickly, so I just treat these now as a slightly longer term rolling, but I can't see how someone just magic up 1.28m to pay back so quickly myself....
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