jonbvn
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Post by jonbvn on Sept 29, 2015 8:24:22 GMT
I am perplexed by how the 5 year market is looking at the moment (see PDF below).
How can there be any money left at 6.5%??
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oldgrumpy
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Post by oldgrumpy on Sept 29, 2015 8:34:14 GMT
There isn't now. I've been transferring in all my four bits from 3 year into 5 year at 6.4% then 6.5% and they have all instantaneously been matched at 6.6%, presumably to the one large borrower. Some similar happened in three year where a large borrower came in at 5.6% when money was available at less. Here are two 5yr screen shots from about twenty five minutes ago Attachments:
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jonbvn
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Post by jonbvn on Sept 29, 2015 8:37:36 GMT
There isn't now. I've been transferring in all my four bits from 3 year into 5 year at 6.4% then 6.5% and they have all instantaneously been matched at 6.6%, presumably to the one large borrower. Some similar happened in three year where a large borrower came in at 5.6% when money was available at less. Here are two 5yr screen shots from about twenty five minutes ago I have money at 6.6%. Why isn't that matched?
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oldgrumpy
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Post by oldgrumpy on Sept 29, 2015 8:45:16 GMT
My theory: when a big borrower wants cash he must ooffer a rtae that will get it. Today that might mean hoovering up all the 5.7, 5.8,5.9....to 6.6%. If that means hoovering up about 1000 small lender offers, that will be done (taking time) from the bottom up, ending with the 6.6 lender offers. Drop your rate to 6.5% to make sure the loan isn't satisfied before it gets to your offer.
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pom
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Post by pom on Sept 29, 2015 8:50:14 GMT
Right now there is 65k being requested by borrowers at 6.6.....and 72k being offered by lenders ALSO at 6.6%.... ***  |
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oldgrumpy
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Post by oldgrumpy on Sept 29, 2015 8:53:46 GMT
I think the system is still hoovering up all the money being thrown in at <6.6% instantaneously first. All mine has long been sucked into that 6.6% loan despite being offered at 6.5%.
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bigfoot12
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Post by bigfoot12 on Sept 29, 2015 8:53:36 GMT
There isn't now. I've been transferring in all my four bits from 3 year into 5 year at 6.4% then 6.5% and they have all instantaneously been matched at 6.6%, presumably to the one large borrower. Some similar happened in three year where a large borrower came in at 5.6% when money was available at less. Here are two 5yr screen shots from about twenty five minutes ago I have money at 6.6%. Why isn't that matched? I also have money at 6.6% which isn't being matched. What is even stranger is that I had some at a higher rate which I decided to drop to 6.6%. As I changed it I got a rate changed and matched notification on the screen. My existing money at 6.6 which is surely better positioned in the queue remains unmatched.
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oldgrumpy
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Post by oldgrumpy on Sept 29, 2015 9:00:22 GMT
The matching seems to have slowed down considerably ... can't think why the existing 6.6% offers aren't now taken up. Maybe new lenders are still drifting coming in at <6.6%.
The loan hasn't been formed yet. Drop your rate to 6.5%. It should be allocated immediately and you still get the 6.6% for that loan.
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huxs
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Post by huxs on Sept 29, 2015 9:11:38 GMT
That's Crazy, I followed oldgrumpy advice (which in itself is not crazy  , changed my rate to 6.5 from 6.6 and it matched at 6.6 when is should have matched previously !! Oh well the end results the same but not sure if I want to be checking Ratesetter as closely as this really. |
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c88dnf
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Post by c88dnf on Sept 29, 2015 10:19:38 GMT
That's Crazy, I followed oldgrumpy advice (which in itself is not crazy , changed my rate to 6.5 from 6.6 and it matched at 6.6 when is should have matched previously !! Oh well the end results the same but not sure if I want to be checking Ratesetter as closely as this really. Yep, the MR/YR changes made this year have made "active investing" on RS considerably more labour-intensive than before. In my case that's meant exploring other investment options which require less effort. As a direct result of their changes my RS investment has declined by around 20% since April.
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wapping35
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Post by wapping35 on Sept 29, 2015 10:34:37 GMT
That's Crazy, I followed oldgrumpy advice (which in itself is not crazy , changed my rate to 6.5 from 6.6 and it matched at 6.6 when is should have matched previously !! Oh well the end results the same but not sure if I want to be checking Ratesetter as closely as this really. That sounds like the 2 decimal point rounding issue is back from last year. i.e. The Borrower is offering at 6.59% which shows as 6.6% but the existing lender offers at 6.60% are actually at 6.60% (so no match) and when you changed from 6.6% to 6.5% and matched immediately you got the 6.59% which then shows as 6.6%…. Mad but link as below from last year... p2pindependentforum.com/thread/1492/where-money-stand-queue?page=7&scrollTo=26346
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bigfoot12
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Post by bigfoot12 on Sept 29, 2015 10:53:05 GMT
That sounds like the 2 decimal point rounding issue is back from last year. i.e. The Borrower is offering at 6.59% which shows as 6.6% but the existing lender offers at 6.60% are actually at 6.60% (so no match) and when you changed from 6.6% to 6.5% and matched immediately you got the 6.59% which then shows as 6.6%…. Mad but link as below from last year... p2pindependentforum.com/thread/1492/where-money-stand-queue?page=7&scrollTo=26346Except I changed from 6.9 to 6.6% and it matched straight away.
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Post by brokenbiscuits on Sept 29, 2015 11:01:01 GMT
5.7 when I looked this morning.
All matched at 6.6 now.
Even better, I had an early repayment yesterday that was on for less than the 6.6% its now earning.
Had a rummage down the sofa and topped up a little more again.
(But yes agree, its weird to move by a whole percent point one day.)
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Investor
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Post by Investor on Sept 29, 2015 11:03:20 GMT
Pure guesswork but looks like some 1/2 million has gone out at 6.6 so far today, any guesses as to what MR might be tomorrow?
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bigfoot12
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Post by bigfoot12 on Sept 29, 2015 11:25:09 GMT
Pure guesswork but looks like some 1/2 million has gone out at 6.6 so far today, any guesses as to what MR might be tomorrow? 5.9?
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, changed my rate to 6.5 from 6.6 and it matched at 6.6 when is should have matched previously !! Oh well the end results the same but not sure if I want to be checking Ratesetter as closely as this really.
