mary
Member of DD Central
Posts: 698
Likes: 711
|
Post by mary on Aug 27, 2018 8:19:29 GMT
Since the change to Rolling where loans are now “anything up to 5 years” can anyone provide insight into the average term they are seeing?
As Rolling is now often giving higher rates than the One Year, is it now a better bet?
Interested in any comments.
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Aug 27, 2018 10:13:50 GMT
From the last 2 weeks, I have contracts from 9 distinct underlying loans on Rolling, and the remaining terms are: 25, 19, 46, 14, 31, 20, 10, 25, 25
Sometimes the remaining term quoted by RS is one more that the actual number of remaining payments, so I guess the 25's are probably actually 24's, but you get the gist. ( RS - fix it! Clue: it's called "addition". )
I have had others loans which I have sold, and the numbers are not so easy to find (impossible, I think), but they were also in this kind of range.
To conclude: on average loans on Rolling are significantly shorter than loans from the 5 Year market (which seems to be the full 60 months about 80 % of the time, and either 48 or 36 months otherwise).
|
|