coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
|
Post by coogaruk on Jun 30, 2019 12:01:58 GMT
I just got a few small matches up to 5.9% a couple of which I only put on the market yesterday, having speculatively moved from 1 and 5 year.
No doubt others will have done even better?
|
|
|
|
Post by oppsididitagain on Jun 30, 2019 13:40:10 GMT
I had money sitting at 6% since Thursday night.
That didn't get touched yesterday, fingers crossed for today though
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 30, 2019 18:49:15 GMT
£200 at 5.5% set it this morning. Surprised. Far better than my 1 year rate.
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 30, 2019 19:00:34 GMT
I just got a few small matches up to 5.9% a couple of which I only put on the market yesterday, having speculatively moved from 1 and 5 year.
No doubt others will have done even better?
No
|
|
sl75
Posts: 2,092 
Likes: 1,245
|
Post by sl75 on Jun 30, 2019 21:06:07 GMT
I just got a few small matches up to 5.9% a couple of which I only put on the market yesterday, having speculatively moved from 1 and 5 year.
No doubt others will have done even better?
My 5.9% transferred to the rolling market yesterday didn't reach the front of the queue, so 5.9% must have been the limit.
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jul 1, 2019 8:04:46 GMT
I was watching it quite closely and it seemed every time it exceeded the 5 year someone would dump lot into rolling, which to be honest was why I was watching it, but I wanted to at least match my minimum 5 year lending % and it only briefly did so.
I am still convinced some lenders think offering a lower rate will get someone to borrow it. like they are actually looking at the rate as borowers (of course they are not), I saw plenty of cases where people would list their amount to lend, close to 0.5% below the nearest lender offer.
|
|
|
|
Post by befuddled on Jul 1, 2019 9:12:24 GMT
just got 6.5% rolling at 9:30 Monday morning Which doesn't show here: members.ratesetter.com/ratesetter_info/rate_trends.aspxNor does this show any of the recent crossing over of Rolling to 1y or 5y - everything looks very "orderly" I suppose they average the peaks and troughs out - but as "Ratesetters" the interest is in the highs and lows, not the average...! |
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Jul 1, 2019 9:18:57 GMT
just got 6.5% rolling at 9:30 Monday morning Which doesn't show here: members.ratesetter.com/ratesetter_info/rate_trends.aspxNor does this show any of the recent crossing over of Rolling to 1y or 5y - everything looks very "orderly" I suppose they average the peaks and troughs out - but as "Ratesetters" the interest is in the highs and lows, not the average...! Is that just your rolling re-investments? I've had matches at 9.1%, which is just the contracts from the super-weird peaks we had recently rolling over I assume. As someone who generally has the time and inclination to keep up with all tweaks across various platforms, I must admit I somehow lost track with all the fiddling RS seem to be doing in an effort to keep their margins.
|
|
|
|
Post by propman on Jul 1, 2019 9:20:05 GMT
I was watching it quite closely and it seemed every time it exceeded the 5 year someone would dump lot into rolling, which to be honest was why I was watching it, but I wanted to at least match my minimum 5 year lending % and it only briefly did so. I am still convinced some lenders think offering a lower rate will get someone to borrow it. like they are actually looking at the rate as borowers (of course they are not), I saw plenty of cases where people would list their amount to lend, close to 0.5% below the nearest lender offer. I am happy to wait, but at the weekend borrowing can be sparse and so going low enough that people don't try and undercut you is the only way to ensure a match. However for some time now I believe RS have been deliberately deferring listing all the money available to match so the lack of borrower "offers" no longer shows that you need to wait for the next borrower to apply.
Interesting times/ Last week a lot went through on the rolling market but the worst week of the year overall. Strange that many of the rolling loans are 4-5 years. Surprised that these are not automatically diverted to the 5 year market when this has cheaper funds. Maybe RS has found that rolling money doesn't generally run to term so they may take the short term cost in the assumption that shortly it will be sold and will probably be matched at a much lower rate.
9:30 rolling market for new loans was around 5% so either a matching glitch or a rollover.
|
|
|
|
Post by befuddled on Jul 1, 2019 9:49:42 GMT
I was watching it quite closely and it seemed every time it exceeded the 5 year someone would dump lot into rolling, which to be honest was why I was watching it, but I wanted to at least match my minimum 5 year lending % and it only briefly did so. I am still convinced some lenders think offering a lower rate will get someone to borrow it. like they are actually looking at the rate as borowers (of course they are not), I saw plenty of cases where people would list their amount to lend, close to 0.5% below the nearest lender offer. I am happy to wait, but at the weekend borrowing can be sparse and so going low enough that people don't try and undercut you is the only way to ensure a match. However for some time now I believe RS have been deliberately deferring listing all the money available to match so the lack of borrower "offers" no longer shows that you need to wait for the next borrower to apply.
Interesting times/ Last week a lot went through on the rolling market but the worst week of the year overall. Strange that many of the rolling loans are 4-5 years. Surprised that these are not automatically diverted to the 5 year market when this has cheaper funds. Maybe RS has found that rolling money doesn't generally run to term so they may take the short term cost in the assumption that shortly it will be sold and will probably be matched at a much lower rate.
9:30 rolling market for new loans was around 5% so either a matching glitch or a rollover.
Oh yeah, It would have a roll-over - I was forgetting the new system, I only recent bought back into Rolling. It also makes sense that I had money sat waiting at 6.5% (I suppose interest), but at same time got a confirmation email for a match at 6.8% (existing loan rolling over) which did confuse me It is complicated, you have to feel for new joiners who have to learn all this stuff fresh, it's hard enough learning it piecemeal as Ratesetter tweak. With old system my 6.8% rolling would have been recycled at market rate (or "held" waiting for higher rate match on my settings), hard to see how auto-recycling 3 points above their MR benefits anyone by me. I understand the opposite case - people locked in low rates and RS wanting continuity in their loans , but, it does seem unnecessarily complicated. ...and if the premise of their business model is depriving the uninitiated of best rates, begs the question how sustainable it is, especially compared to other platforms where you bung in cash for around 6.5% and just forget about it... ...but then, where's the fun it that !
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jul 1, 2019 10:58:41 GMT
Rolling seems to have gone loony this morning, keeps reporting high numbers in the top left box, but thats not supported by the next screen or the queue!
|
|
|
|
Post by propman on Jul 1, 2019 11:59:00 GMT
Rolling seems to have gone loony this morning, keeps reporting high numbers in the top left box, but thats not supported by the next screen or the queue! Suggests that it is also picking up the Rollovers as if they were matches!
|
|
|
|
Post by Deleted on Jul 1, 2019 13:12:36 GMT
Surely the length of time RS takes to process repayments on a Monday and/or 1st of the month could be vastly reduced by reprogramming the Rolling market similar to the 5 year market, as that would save all the notional relending which must be a massive drag on the system. I appreciate interest-only and non-amortising Rolling loans would be different, but there don't seem to be that many of those.
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jul 1, 2019 14:00:05 GMT
Rolling seems to have gone loony this morning, keeps reporting high numbers in the top left box, but thats not supported by the next screen or the queue! Suggests that it is also picking up the Rollovers as if they were matches! I would agree thats what its doing So it also means the matches made number is complete junk
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Jul 1, 2019 15:49:05 GMT
Rolling seems to have gone loony this morning, keeps reporting high numbers in the top left box, but thats not supported by the next screen or the queue! Suggests that it is also picking up the Rollovers as if they were matches!
Agreed. I saw 6.8% at 16:43, then refreshed the screen and it said 2.7% at 16:45, and then another refresh brought 6.6% at 16:47.
|
|
