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Post by beegee on Aug 20, 2015 18:39:49 GMT
Where can I find the current days MR and are historic MRs available?
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wapping35
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Post by wapping35 on Aug 20, 2015 18:50:28 GMT
Where can I find the current days MR and are historic MRs available? Hi, Rate Setter Info , Rate Trends , And then click Down Load Market Rates (which is in an nice Excel file and the current day is at the bottom of that v large file, the first MR in the 5 yr is back in Feb 2012). Cheers W35
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Post by geoffrey on Aug 20, 2015 19:58:00 GMT
westonkevRS, I'd say your job is to talk *down* rates whenever you can and to justify rates being lower. You take every opportunity to do so -- and I quite understand that. But RS has gone through some periods of chronic lender fund shortages, and this will re-occur if rates fall below 6% in my humble opinion. I for one am not willing to lend over five years at less than 6% when protected rates of 7% are available in P2P or P2B elsewhere, and unprotected rates of 9-13% are available for those who are willing to take the bad-debt hit themselves. The trick for RS to survive and grow is to get a balance between lenders and borrowers. I feel ZP has completely lost that balance, controlling rates themselves. So far RS has fortunately resisted adopting the market-abolishing tactics of ZP, and I think that is why RS has been able to race ahead. You still offer a genuine market, combined with an excellent reputation for safety. Please keep it that way, and let rates float to provide a balance between supply and demand.
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Post by beegee on Aug 20, 2015 21:17:12 GMT
Where can I find the current days MR and are historic MRs available? Hi, Rate Setter Info , Rate Trends , And then click Down Load Market Rates (which is in an nice Excel file and the current day is at the bottom of that v large file, the first MR in the 5 yr is back in Feb 2012). Cheers W35 Thank you wapping. Much appreciated.
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Post by closetotheedge on Aug 21, 2015 9:06:35 GMT
westonkevRS, I'd say your job is to talk *down* rates whenever you can and to justify rates being lower. You take every opportunity to do so -- and I quite understand that. But RS has gone through some periods of chronic lender fund shortages, and this will re-occur if rates fall below 6% in my humble opinion. I for one am not willing to lend over five years at less than 6% when protected rates of 7% are available in P2P or P2B elsewhere, and unprotected rates of 9-13% are available for those who are willing to take the bad-debt hit themselves. The trick for RS to survive and grow is to get a balance between lenders and borrowers. I feel ZP has completely lost that balance, controlling rates themselves. So far RS has fortunately resisted adopting the market-abolishing tactics of ZP, and I think that is why RS has been able to race ahead. You still offer a genuine market, combined with an excellent reputation for safety. Please keep it that way, and let rates float to provide a balance between supply and demand. Within this thread and the 'oh no another cashback..' thread I currently get quite a negative view on RS. As a simple investor with little knowledge of the investment market as a whole this confuses me. I turned to P2P to get a better rate without increasing my exposure to the share and bond markets which already have my pension value roller coasting up and down. I have been with Zopa and RS for about 2 to 3 years. Zopa now gives me 5% but even through this cashback affected period RS has been well above this. Now I am assuming they are about the same risk level, hopefully low, so why the negativity. Is it just human nature because we got used to getting 6.8% for a while so now feel short changed with the 6%-6.2% we can now get. I do feel frustrated by the current trend for RS rates to yo-yo over a 24 hour period but this will surely settle down as the market matures and lenders become better advised and more aware. The dip in rates has given me the impetus to look around and I do not see better on offer with the same perceived risk level. Zopa I have mentioned. LendingWorks is slightly higher but that seems in its infancy and I would prefer to stay with a platform which has lent £300m+ and has a provision fund to match. Wellesley is at 5.5% albeit with the advantage that the rate is fixed for the 5 year period. The remainder seem to fall into three categories, a greatly increased platform failure risk, lenders chasing tiny shares of loans which would entail a lot of work to lend any meaningful amount or the third category where your money is secured on someones 10 year old Porsche. I suspect when ISA money starts to be attracted we will view the current rates as the good old days. As ever would be interested in others views.
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locutus
Member of DD Central
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Post by locutus on Aug 21, 2015 10:28:01 GMT
westonkevRS, I'd say your job is to talk *down* rates whenever you can and to justify rates being lower. You take every opportunity to do so -- and I quite understand that. But RS has gone through some periods of chronic lender fund shortages, and this will re-occur if rates fall below 6% in my humble opinion. I for one am not willing to lend over five years at less than 6% when protected rates of 7% are available in P2P or P2B elsewhere, and unprotected rates of 9-13% are available for those who are willing to take the bad-debt hit themselves. The trick for RS to survive and grow is to get a balance between lenders and borrowers. I feel ZP has completely lost that balance, controlling rates themselves. So far RS has fortunately resisted adopting the market-abolishing tactics of ZP, and I think that is why RS has been able to race ahead. You still offer a genuine market, combined with an excellent reputation for safety. Please keep it that way, and let rates float to provide a balance between supply and demand. Within this thread and the 'oh no another cashback..' thread I currently get quite a negative view on RS. As a simple investor with little knowledge of the investment market as a whole this confuses me. I turned to P2P to get a better rate without increasing my exposure to the share and bond markets which already have my pension value roller coasting up and down. I have been with Zopa and RS for about 2 to 3 years. Zopa now gives me 5% but even through this cashback affected period RS has been well above this. Now I am assuming they are about the same risk level, hopefully low, so why the negativity. Is it just human nature because we got used to getting 6.8% for a while so now feel short changed with the 6%-6.2% we can now get. I do feel frustrated by the current trend for RS rates to yo-yo over a 24 hour period but this will surely settle down as the market matures and lenders become better advised and more aware. The dip in rates has given me the impetus to look around and I do not see better on offer with the same perceived risk level. Zopa I have mentioned. LendingWorks is slightly higher but that seems in its infancy and I would prefer to stay with a platform which has lent £300m+ and has a provision fund to match. Wellesley is at 5.5% albeit with the advantage that the rate is fixed for the 5 year period. The remainder seem to fall into three categories, a greatly increased platform failure risk, lenders chasing tiny shares of loans which would entail a lot of work to lend any meaningful amount or the third category where your money is secured on someones 10 year old Porsche. I suspect when ISA money starts to be attracted we will view the current rates as the good old days. As ever would be interested in others views. For me, it is about transparency. There are a number of questions which have been posed that were never answered and as a result, I am winding down my investment to move to other platforms. I would happily move back if transparency was improved.
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adrianc
Member of DD Central
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Post by adrianc on Aug 21, 2015 10:36:08 GMT
3yr last matched was <5% (4.7%, IIRC) this morning.
It's now 6.2%, above the 5yr (6.1%)!
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Post by nickthefool on Aug 21, 2015 11:01:26 GMT
Is it just human nature because we got used to getting 6.8% for a while so now feel short changed with the 6%-6.2% we can now get. I think that's the main part of it, and also makes people think and highlight other things they have issues with. Essentially a lot of relatively small issues but when someone starts moaning everyone has their gripe. As I understand it the main gripes are: - Recent cashback offer which reduced rates by more than the cashback amount. - New "your rate" calculation, which seems to mean either a little lower rates or a little more work than the previous method. - New "market rate" calculation, which has led to increased volatility within a day. - A handful of odd-looking situations where people have bids at lower rates than the "last matched rate" that aren't being matched. None of these seem like huge issues in isolation but all together are enough to put people off I guess. IMO it's still the best low-risk long term p2p option, although it's not liquid enough for me right now so I don't currently have anything invested.
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jonbvn
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Post by jonbvn on Aug 21, 2015 11:19:03 GMT
3yr last matched was <5% (4.7%, IIRC) this morning. It's now 6.2%, above the 5yr (6.1%)! 5 year is now hitting 6.4%. Yippee!!!
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Post by contangoandcash on Aug 21, 2015 12:34:52 GMT
My 6.3 and 6.4% has been filled on 5 year. Good news at least.. Maybe now we can get the MR moving upward.
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wapping35
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Post by wapping35 on Aug 21, 2015 12:45:45 GMT
Well got matched this morning at 6.3% using YR. i.e. matched same day without using the MR.
And I see the MR is still at 6.0% (abeit well up on yesterday's MR of 5.7%).
For me the problem is the new MR calculation which leads to v high intra-week volatility and indeed what is now a v predictable MR cycle. i.e. Rates fall Monday-Wednesday and then rise Thursday-Sunday.
I see rates of 6.0-6.2% are mentioned above. The problem is you will only get those rates if you select YR.
Looking at the MR from August 1-21st it has ranged 5.5-6.1% (6.2% has not been hit) and it has averaged 5.86%.
In the same period I have averaged 6.15% using YR.
I did prefer the old MR calculation which has far less volatility and meant YR really only achieved average rates around 0.1% higher (especially if you take into account the cost of idle money) and it was low touch. I now having to check the market regularly (at least 3 times a day).
In the end the change is not the end of the world (for me) but the user experience has deteriorated due to the change. i.e. I have had to become an active v largely passive investor.
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gnasher
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Post by gnasher on Aug 21, 2015 13:30:14 GMT
Within this thread and the 'oh no another cashback..' thread I currently get quite a negative view on RS. As a simple investor with little knowledge of the investment market as a whole this confuses me. You have to remember that any internet forum, whatever the subject, has a strong disposition towards negativity rathet than positivity. The 2% of people who do not like their new widget tend to bang away at the keyboard far more than the 98% who are perfectly happy with theirs. That's life. Personally I am happy with RS, and happy with anything over 6% in the 5yr market. It clearly is a free market, all RS have done is to change the rules of the market. For the worst IMHO, but I am still OK with it. If it ever stops being a market I will be off elsewhere.
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duck
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Post by duck on Aug 21, 2015 18:03:36 GMT
Within this thread and the 'oh no another cashback..' thread I currently get quite a negative view on RS. As a simple investor with little knowledge of the investment market as a whole this confuses me. You have to remember that any internet forum, whatever the subject, has a strong disposition towards negativity rathet than positivity. The 2% of people who do not like their new widget tend to bang away at the keyboard far more than the 98% who are perfectly happy with theirs. That's life. ..... Agreed. I've been investing with RS since 2012 and have always manually invested at a level that I am happy with. On a couple of occasions I've not re-invested for a couple of weeks (when rates are not what I've wanted) but I've always come back (I do invest in several other platforms) ..... RS has always been good to me! In return I'm prepared to invest a 6 figure sum.
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Post by westonkevRS on Aug 21, 2015 19:20:15 GMT
locutus I am sad to hear that you are winding down your investment. But trust is very important to us, and if we have lost that trust it is only right that a lender should walk with his credit. What I would say however is that I'm aware of some of your transparency issues. Ironically enough these primarily relate to what you saw a anomolies in the market data and contract rates achieved, information that is freely available on the web site to provide transparency. So you have transparency issues with the transparent data. Perhaps we should be like a bank and say nothing - here is your rate and here are the fees, take it or leave it. I also spent some not inconsiderable personal evening time investigating your concerns and liaising at RateSetter HQ during the day. Although the answers were not sufficient for you, we did our best. And certainly the time spent was more than we could afford for every lender. I wish you well, Kevin. link.ratesetter.com/8Ls46js www.linkedin.com/profile/view?id=19236219
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Post by westonkevRS on Aug 21, 2015 19:42:03 GMT
Monthly VolatilityThe chart below could be created from the downloaded MR data freely available on the RateSetter web site. So I'm posting it here, as anyone in theory can recreate this if they have the analytical skills. I've provided no internal data or insight not available with full transparency to any RateSetter lenders. It shows the weekly Standard Deviations (as determined within Excel) for the daily MRs for monthly money each week in 2015. What it shows is that the changes to Market Rate and Your Rate had no discernible impact on the Market Rates being set, this was in late June 2015 so let's say week 26. The two spikes in Standard Deviation do occur directly after the cash backs. Therefore the cash backs do cause volatility, although this is short lived. Damn those cash backs! @ westonkevRSlink.ratesetter.com/8Ls46js www.linkedin.com/profile/view?id=19236219
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