c88dnf
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Post by c88dnf on Dec 12, 2014 11:26:12 GMT
so I'm holding out for the end of month spike (does this happen over Christmas?) Nope! Rates tend to drop throughout the Festering Season and early January due to low demand. You can have a look for yourself by going to Ratesetter Info on their home page then selecting Rate Trends and the appropriate time period.
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Post by geoffrey on Dec 13, 2014 8:31:37 GMT
How dare they think about diverting all that money so profitably spent on destabilizing the Middle East by bombing the hell out of citizens-of-mass-destruction, and ploughing it into better schools and hospitals instead. Seditious anti-Imperialist bastards, these crypto-commie Scots.
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oldgrumpy
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Post by oldgrumpy on Dec 21, 2014 23:58:47 GMT
Some fool's put around £40K into 5 yr at 5.8%. I do hope that doesn't persuade RS to drop market rate yet again in the morning!! I've only just adjusted down to 5.9%! :-(
edit: Well, they have but I'm only at about £430K/£467K in the queue, so I reckon that'll go by tomorrow.
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spiral
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Post by spiral on Dec 22, 2014 8:52:58 GMT
I matched at 6% on Friday and expected that to go on and be MR today. When I checked yesterday, there was several hundred K at 5.9 spread through over 100 offers. I thought there must have been a repayment run or lots of early repayers on Saturday in order that there were this many offers placed on a non weekday. Now as oldgrumpy predicted, MR has been set at 5.8% with less than 50K at 5.9 and 400K at 6.0. I'll sit tight and wait for 6.0 to come around even if it means waiting until the new year.
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Post by geoffrey on Dec 26, 2014 7:16:55 GMT
Very small number of matches over Xmas, predictably. Borrower profile is more likely to be young with little kids; lender more likely to be older maybe with grown-up children. Hence lenders more likely to have spare time for investment over Xmas, and rates more likely to drop until borrowers return to the fray. With over £2 million approved demand, I'm holding out for 6%.
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agent69
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Post by agent69 on Dec 26, 2014 15:30:19 GMT
Very small number of matches over Xmas Number of matches in the last 24hrs ........... One
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warn
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Curmudgeon
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Post by warn on Dec 26, 2014 16:00:19 GMT
Number of matches in the last 24hrs ........... One An impecunious elf, probly.
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trevor
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Post by trevor on Dec 26, 2014 18:53:37 GMT
I notice that RS is advertising extensively. If this brings in more lenders then I think we may have seen the last of 6.0% for some time. Those with money waiting for 6.1% or more are going to wait a long time!
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agent69
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Post by agent69 on Dec 27, 2014 10:11:52 GMT
I notice that RS is advertising extensively. If this brings in more lenders .......
And if it brings in more borrowers? I've got a bit awaiting re-investment at 6% and in no rush to reduce it to 5.9.
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Post by goldservice on Dec 28, 2014 10:25:36 GMT
There are at this moment no unmatched orders below 6% in the 5 year market. My orders at 6% have been making steady progress up the queue since 19 December.
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oldgrumpy
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Post by oldgrumpy on Dec 28, 2014 11:09:09 GMT
I wonder if the payment run will be slow and late tomorrow morning. It could be worthwhile manually dropping your repayments into 6% during the morning before the whole run is complete to get in front of the big "market rate" influx, which may well increase the 6% pot to £1M+ ....or they may just fizz everything through by 7am and all will be done for us.
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Post by westonkevRS on Dec 28, 2014 13:29:58 GMT
....or they may just fizz everything through by 7am and all will be done for us. Hey Old Grumpy, this is RateSetter! I know which option I'll be expecting...
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Post by westonkevRS on Dec 28, 2014 19:47:42 GMT
Should be interesting tomorrow (Monday) as we'll have four days of extra repayments due (5 including the Monday). The 28th is the second most popular day of payment with 7.1% of payments due, although RateSetter does have quite a spread across the month thus mostly avoiding the 1st of the month problem (that isn't a bad sexist joke).
So if the RateSetter market manipulators fail to do their job tonight and the MR is at 6.0%, there will be a lot of money waiting to be lent. Based on the "game theory" thread responses, a lot of people will be jumping the queue.... almost worth putting in that 5.9% tonight to be at the front especially with the start of month starting soon and the 1st being a Bank (and P2P) holiday....
...... so perhaps those manipulators are right after all!
Kevin.
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oldgrumpy
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Post by oldgrumpy on Dec 28, 2014 21:38:54 GMT
Well someone's slipped in a cool £20K (Kevin's Christmas stocking money?) at 5.9% which will probably persuade RS hamsters to set MR in the morning at 5.9% so I'd better be ready to do my little bit in the morning as the payments rumble through.
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jonbvn
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Post by jonbvn on Dec 29, 2014 9:29:23 GMT
Should be interesting tomorrow (Monday) as we'll have four days of extra repayments due (5 including the Monday). The 28th is the second most popular day of payment with 7.1% of payments due, although RateSetter does have quite a spread across the month thus mostly avoiding the 1st of the month problem (that isn't a bad sexist joke). So if the RateSetter market manipulators fail to do their job tonight and the MR is at 6.0%, there will be a lot of money waiting to be lent. Based on the "game theory" thread responses, a lot of people will be jumping the queue.... almost worth putting in that 5.9% tonight to be at the front especially with the start of month starting soon and the 1st being a Bank (and P2P) holiday.... ...... so perhaps those manipulators are right after all! Kevin. Those evil city boy/Zurich gnome types have broken the repayment run completely. Clearly, all part of their dastardly plan;)
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