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Post by brokenbiscuits on Oct 12, 2015 11:54:32 GMT
Market Rate is used for auto re-investment of repayments (look under Instruction - Reinvestment). I think most forum members prefer to have the repayments paid into their holding account so that they can then choose their rate of lending - as arguably they can wait and get a better return. Although this obviously has a danger if the rates fall. This forum member puts it in 5 year at 7%, until there is enough stuck there (occasionally pigs fly off with it!) to be worth deciding which market to put it in .. I'm still waiting for the 'offer it at 6.5% in 5 year and 5.6% in 3 year and 4% in monthly, and take whichever matches first' option. Or I suppose I could write a script/bot/whatever .. 8>. Perhaps I'm selling myself too cheaply, but my last match 6.7% or above was June. Still averaging above 6.5%. I tend to go in hard when a decent rate is acheiveable and just dribble in small amounts when it's not. If today's rates are not just a blip I will be practising the withdrawal method. 4.8% was "the rate to lend at" earlier today in the 5 year!!
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toffeeboy
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Post by toffeeboy on Oct 12, 2015 16:24:49 GMT
Looks like a borrower trying his luck at a very low rate or has gone into the wrong length of loan as it is still there unfulfilled now but there are loan requests for 6.1%. The lending rate looks to be more around the 6.4% mark which seems to be fairly standard of late.
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agent69
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Post by agent69 on Oct 12, 2015 17:37:59 GMT
Currently enough borrower cash in the queue to take out all those at 6.5%
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oldgrumpy
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Post by oldgrumpy on Oct 13, 2015 15:02:45 GMT
08:59 yesterday
"... and despite all the lender offers yesterday evening being 6.0% upwards, this morning RS have deemed Market Rate should be 5.2%. Matching at 6.1% was still being made at 07:18 this morning, so how the blood and stomach pills (as Aunty Ivy would say) has that been calculated .... based on what? The undercutters are down to 5% already.
I'll wait till Wednesday for 6.5% I think."
Didn't have to. All mine matched circa 3pm at 6.5% .... and almost all the 6.6% cash has gone too, (dammit )
I'll have to up my game for tomorrow.
I wonder if the RS MR hamsters will up theirs.
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Post by brokenbiscuits on Oct 13, 2015 18:38:11 GMT
Back in the 6.7% club after 4 months out. Will be having a rummage down the sofa and checking old coat pockets to see what extra I can throw at this for tomorrow.
Did 6.7% get cleared then? Mine was quite high up in the pile!
Predictions for tomorrow's MR? 6.2.
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adrianc
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Post by adrianc on Oct 13, 2015 21:16:15 GMT
Did 6.7% get cleared then? Mine was quite high up in the pile! The 6.7% that matched for me was only placed yesterday AM - so it must've got through damn near all of it. Anybody get a 6.8% match?
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oldgrumpy
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Post by oldgrumpy on Oct 18, 2015 15:25:43 GMT
08:59 yesterday
"... and despite all the lender offers yesterday evening being 6.0% upwards, this morning RS have deemed Market Rate should be 5.2%. Matching at 6.1% was still being made at 07:18 this morning, so how the blood and stomach pills (as Aunty Ivy would say) has that been calculated .... based on what? The undercutters are down to 5% already.
I'll wait till Wednesday for 6.5% I think."
Didn't have to. All mine matched circa 3pm at 6.5% .... and almost all the 6.6% cash has gone too, (dammit )
I'll have to up my game for tomorrow.
I wonder if the RS MR hamsters will up theirs.
Any bets on what tomorrow's Market Rate (so called) weighted average will be? All the matching I have seen since Friday morning has been over 6% (there may have been a few sub 6% earlier in the day). Most of the Friday pm was above 6.3%, with most of the weekend being over 6.5% (I matched at 6.6% and 6.7% Friday pm). Will we see another MMR (Monday Market Rate) nearly 1% below the going rate? That would again imply that a lot hidden loans would have been made at around 2% below at 7am in order that the weighted average could drop by as much as last Monday. (see also my post of Oct 12, 2015 at 10:41am)
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jonah
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Post by jonah on Oct 18, 2015 19:12:34 GMT
With less than 100k below 6.9 and the semi mythical day 21 coming up, this could be a return back to the glories of 6.9%? My cash in at 6.8 certainly looks plausible.
Its almost a shame that I've reached my target on platform target for RS... If it was offering 6.9 I might be tempted to put in a little more than just recycling payments & interest.
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arbster
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Post by arbster on Oct 19, 2015 8:25:10 GMT
It might be worth watching the monthly market today, with £3.9M of borrowers' funds chasing £3.1M of lenders'.
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am
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Post by am on Oct 19, 2015 9:01:05 GMT
It might be worth watching the monthly market today, with £3.9M of borrowers' funds chasing £3.1M of lenders'. £8m of lenders' funds went in between 0130 and 0200 last night, £6.5M at 3.1%, IIRC (most of the rest is still sitting there at 3.8-4.0%). I had thought that you could look at the market the evening before you are due a repayment, and reset your reinvestment rate to somewhere near the forthcoming high-water mark. But if these sorts of overnight volumes are normal I may have been operating under a delusion.
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oldgrumpy
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Post by oldgrumpy on Oct 19, 2015 9:59:18 GMT
"Will we see another MMR (Monday Market Rate) nearly 1% below the going rate?" (on 5yr)
No. Not this week. It's 6.4% on 5yr, which is approximately where I would expect it to be. RS "computer" seems to have avoided last Monday's unexplained huge spike down.
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Investor
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Post by Investor on Oct 19, 2015 10:11:03 GMT
With only weeks to go until Rememberance Day, no surprises to see that RS have once again been manipulating the market place. There are exactly 1914 lender offers in the 5 yr market at 6.4%. Coincidence, I think not.
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