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Post by BrianC on Jan 13, 2018 13:15:39 GMT
What has happened to the rates in January? I was expecting people to be running out of cash by now as the pre Xmas December pay checks run dry and the costs of the festive frivolities adds up. Current rolling rates are the lowest for months. Apparently though January 15th is the most depressing day of the year as credit card statements start dropping through the letter boxes. Maybe just a few more days until rates surge? Hope so!
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Post by skint4achange on Jan 13, 2018 13:59:10 GMT
Be careful what you wish for. Higher rates today means loans repaid early tomorrow!
I do agree that rates are pitiful at the moment and I have even taken money out when it was repaid this month, but I think it will pick back up again soon (I hope!)
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ashtondav
Member of DD Central
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Post by ashtondav on Jan 13, 2018 21:21:29 GMT
Last week of January, I’m hoping to see 5.9%+ on 5 year money. Otherwise the repayments get recycled to F.C. and AC. In fact I’ve now got into a habit of "month end sweep", where I Review all accounts and shift repayments accordingly.
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morris
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Post by morris on Jan 14, 2018 8:18:26 GMT
On the subject of rates, have other investors noticed that if you use the rate trend facility and bring forward the starting point the whole information disappears.
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r00lish67
Member of DD Central
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Post by r00lish67 on Jan 14, 2018 9:38:24 GMT
On the subject of rates, have other investors noticed that if you use the rate trend facility and bring forward the starting point the whole information disappears. Yes, I noticed the same yesterday - Chrome/W7, RateSetter FYI if you weren't aware.
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Post by dualinvestor on Jan 15, 2018 16:01:49 GMT
Rolling money is mainly the costant refunding of longer term loans, very few people borrow for a month or less. This is why on a Monday there could be an eight figure sum to be financed, because of the requirement to finance the short term lending from lenders on the long term loans. Recently it would appear that some large long term loans have repaid (personally I had early repayment in the 5 year market made in the halcyon days of October when rates spiked above 6.6% because of the rare occurance of borrowing demand exceeding lending supply on, for Ratesetter, large loans exceeding one million i suspect some loans like these have been refinced elsewhere). Therefore the requirement for the constant churn each week has deninished and with it rates. Just a theory that could be disproved next week
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