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Post by dan1 on Aug 5, 2019 9:42:45 GMT
I don't remember seeing a lower rate and notably a notch below the 1.9% on FC (admittedly lacking a provision fund).
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aju
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Post by aju on Aug 5, 2019 10:16:49 GMT
I don't remember seeing a lower rate and notably a notch below the 1.9% on FC (admittedly lacking a provision fund). I wondered too and so I pulled the rolling data from the rate trends page and found there were some very low rates back in November 2013 of 1.5% and back on 2/11/2015 there was a rate of 1.3%. The last time 1.8% was in the MR for rolling was back in may 2014 the highest MR on rolling for this year were at 4.1% on 21/22 Jan. Of course I know they hit 6.4% at the beginning of last month as Mrs Aju picked up 2 loans at these rates on 1/7. Rolling has just hit a 6.5% as I was writing this.
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aju
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Post by aju on Aug 5, 2019 10:33:40 GMT
So the last matched rates are a bit odd, as I said it hit 6.5% on rolling so should have checked the rates tables before moving my well place 5y money from that queue to the rolling at 6.0% not being too greedy. Then when I checked the rate position of my new order there was 5M before me and the real rates were at 3.3/3.4%.
Any ideas anybody?
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Post by dan1 on Aug 5, 2019 10:38:17 GMT
So the last matched rates are a bit odd, as I said it hit 6.5% on rolling so should have checked the rates tables before moving my well place 5y money from that queue to the rolling at 6.0% not being too greedy. Then when I checked the rate position of my new order there was 5M before me and the real rates were at 3.3/3.4%. Any ideas anybody? It happens frequently. I wonder if the last matched rate is displaying rollovers? It would explain the 1.8% seen this morning too, and if this is the case we should see 9.9% matched a few weeks ago.
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aju
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Post by aju on Aug 5, 2019 10:42:51 GMT
So the last matched rates are a bit odd, as I said it hit 6.5% on rolling so should have checked the rates tables before moving my well place 5y money from that queue to the rolling at 6.0% not being too greedy. Then when I checked the rate position of my new order there was 5M before me and the real rates were at 3.3/3.4%. Any ideas anybody? It happens frequently. I wonder if the last matched rate is displaying rollovers? It would explain the 1.8% seen this morning too, and if this is the case we should see 9.9% matched a few weeks ago. Ah, that makes a lot of sense, I won't make that mistake again check the market before making a play based on Last Matched rates.
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star dust
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Post by star dust on Aug 5, 2019 10:48:01 GMT
dan1 yes, I thought we'd all been saying that for sometime. It appears quite quickly and you could easily miss them when your rolling's are re-matched to their 'underlying' loans I've had some 9.8% this morning and an 8.0% just a few minutes ago. RS is still chunttering through the rolls for the 5 th so I'd expect a few more higher rates to be briefly visible for a while. To a certain extent I'm surprised that RS let these affect the display because they clearly cause some confusion for those watching. Currently the rate for NEW money in rolling is at 3.4/3.5% with £2.9m at 3.5%.
I too pulled the historic rolling rates data (not as fast as aju at analysing it though), and confirm the findings noting too that even this January (2019) it was 1.9% for one day. I don’t/have never invested in the Fairy Castle, but I seem to remember some appallingly low rates at Zopa too, doled out to the fire and forget who possibly don’t even realise. Really even with PF’s rates like these seriously undervalue risk for retail consumers.
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aju
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Post by aju on Aug 5, 2019 10:51:30 GMT
dan1 yes, I thought we'd all been saying that for sometime. It appears quite quickly and you could easily miss them when your rolling's are re-matched to their 'underlying' loans I've had some 9.8% this morning and an 8.0% just a few minutes ago. RS is still chunttering through the rolls for the 5 th so I'd expect a few more higher rates to be visible for a while. To a certain extent I'm surprised that RS let these affect the display because they clearly cause some confusion for those watching. Currently the rate for NEW money in rolling is at 3.4/3.5% with £2.9m at 3.5%.
I too pulled the historic rolling rates data (not as fast as aju at analysing it though), and confirm the findings noting too that even this January (2019) it was 1.9% for one day. I don’t/have never invested in the Fairy Castle, but I seem to remember some appallingly low rates at Zopa too, doled out to the fire and forget who possibly don’t even realise. Really even with PF’s rates like these seriously undervalue risk for retail consumers. Don't get me started on the real low rates on Zopa, their engine is quite good at balancing them out the only problem though is that their DD on borrowers is not as great as they think it is. When the high rates fold the low low rates start to bite into overall rates more. Haven't checked recently but some were getting as low as 1% at times. I just checked my lowest lend rate on Zopa was 0.94% last nearly 2 years and then paid up - ran from 2017 to 2019 on the invest side. The borrower rate was 3.2%.
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Post by dan1 on Aug 5, 2019 10:56:55 GMT
dan1 yes, I thought we'd all been saying that for sometime. It appears quite quickly and you could easily miss them when your rolling's are re-matched to their 'underlying' loans I've had some 9.8% this morning and an 8.0% just a few minutes ago. RS is still chunttering through the rolls for the 5 th so I'd expect a few more higher rates to be briefly visible for a while. To a certain extent I'm surprised that RS let these affect the display because they clearly cause some confusion for those watching. Currently the rate for NEW money in rolling is at 3.4/3.5% with £2.9m at 3.5%.
I too pulled the historic rolling rates data (not as fast as aju at analysing it though), and confirm the findings noting too that even this January (2019) it was 1.9% for one day. I don’t/have never invested in the Fairy Castle, but I seem to remember some appallingly low rates at Zopa too, doled out to the fire and forget who possibly don’t even realise. Really even with PF’s rates like these seriously undervalue risk for retail consumers. It was the display of the "Last Matched Rates" displayed on the left hand side when first logging in that I was referring to. I was under the impression it showed only newly formed loans and not rollovers but the evidence suggests it shows both.
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aju
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Post by aju on Aug 5, 2019 11:00:14 GMT
dan1 yes, I thought we'd all been saying that for sometime. It appears quite quickly and you could easily miss them when your rolling's are re-matched to their 'underlying' loans I've had some 9.8% this morning and an 8.0% just a few minutes ago. RS is still chunttering through the rolls for the 5 th so I'd expect a few more higher rates to be briefly visible for a while. To a certain extent I'm surprised that RS let these affect the display because they clearly cause some confusion for those watching. Currently the rate for NEW money in rolling is at 3.4/3.5% with £2.9m at 3.5%.
I too pulled the historic rolling rates data (not as fast as aju at analysing it though), and confirm the findings noting too that even this January (2019) it was 1.9% for one day. I don’t/have never invested in the Fairy Castle, but I seem to remember some appallingly low rates at Zopa too, doled out to the fire and forget who possibly don’t even realise. Really even with PF’s rates like these seriously undervalue risk for retail consumers. It was the display of the "Last Matched Rates" displayed on the left hand side when first logging in that I was referring to. I was under the impression it showed only newly formed loans and not rollovers but the evidence suggests it shows both. Yes the MR are not the same I knew that bit I was just pointing it out that it was lower than the title. I too was under the same impression but I think your theory is correct. I'll assume it is from now on I think before I make a play again.
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Post by Deleted on Aug 5, 2019 11:01:32 GMT
It was the display of the "Last Matched Rates" displayed on the left hand side when first logging in that I was referring to. I was under the impression it showed only newly formed loans and not rollovers but the evidence suggests it shows both. I think it does show both but it shouldn't - RateSetter really should address that.
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star dust
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Post by star dust on Aug 5, 2019 11:05:45 GMT
It was the display of the "Last Matched Rates" displayed on the left hand side when first logging in that I was referring to. I was under the impression it showed only newly formed loans and not rollovers but the evidence suggests it shows both. Yes, that's what I was talking about. I'm not sure if it does it every single time, I think that display has a refresh interval so isn't 'real time' but if it happens to do it as an underlying rolling gets matched it's displayed, I think the highest I've seen it myself was for 7.8% one morning, but I spend very little time observing it. I'm sure it would be better for RS if it was just reflecting brand new loans with new money.
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aju
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Post by aju on Aug 5, 2019 11:06:45 GMT
It was the display of the "Last Matched Rates" displayed on the left hand side when first logging in that I was referring to. I was under the impression it showed only newly formed loans and not rollovers but the evidence suggests it shows both. I think it does show both but it shouldn't - RateSetter really should address that. I agree but I wonder how difficult it might be to split if off if their coding skills of the front end are anything to go by I'm guessing near on impossible....
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robski
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Post by robski on Aug 5, 2019 11:09:49 GMT
Like others I believe the rolling rollovers do display in the latest rates. Whilst the repayment process is running you need to pretty much ignore those fields, they are misleading and completely useless.
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aju
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Post by aju on Aug 5, 2019 11:10:51 GMT
Like others I believe the rolling rollovers do display in the latest rates. Whilst the repayment process is running you need to pretty much ignore those fields, they are misleading and completely useless. How does one establish when the repayment process is running?
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robski
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Post by robski on Aug 5, 2019 11:14:33 GMT
2 ways really 1 watch your repayments (ie check what your due) and if its not yet in holding (or already reinvested if your settings are such) then its almost certainly running. 2 keep an eye on the MR for one of the markets. You should see a large wad of money ticking up as the run completes and the auto invest settings kick in for those running them. Technically the run starts sometime early morning. I think the banks have a cutoff of something like 2am, so in theory I think you could start processing nice and early. On a good day RS have already processed the repayments when I log on briefly before I go to work, so around 7am. They have very very few good days now  |
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