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Post by p2plender on Feb 13, 2015 9:08:20 GMT
Maybe I'm bugged that I did the cashback and got 6.1%. :-((
Anyhow like an old barred drunk in the pub, I see the 5.9 has returned this morning.
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c88dnf
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Post by c88dnf on Feb 13, 2015 10:57:19 GMT
Maybe I'm bugged that I did the cashback and got 6.1%. :-(( Anyhow like an old barred drunk in the pub, I see the 5.9 has returned this morning. Only for those who don't follow the supply/demand tables RS kindly provide. Going rate at 11.00 6.2% with higher rates pretty much certain later today.
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agent69
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Post by agent69 on Feb 13, 2015 12:00:49 GMT
Last match in the 3 year market (6.4%) is higher than the 5 year market (6.3%)
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Post by GentlemansFamilyFinances on Feb 13, 2015 13:01:09 GMT
I have just had 6.2% accepted in the 3 year market. Last night I managed to get 6.7% in the 5 year and I'm expecting more tonight or over the weekend.
If you are lending over a long time - waiting a few weeks for an extra few 0.1% is worth it - and this is a very good time to lend. (unless of course rates keep heading up from here!)
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c88dnf
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Post by c88dnf on Feb 13, 2015 16:33:19 GMT
I'm all sold out at 6.5% after waiting all of 8 hours. Possibly I could have made another 0.1% over the weekend, but what the heck: the difference between £65 or £66 (less tax) per £1000 I can live with.
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Post by westonkevRS on Feb 13, 2015 21:35:11 GMT
Doh. I got 6.3% today because I'm impatient. And In supposed to know what I'm doing, how the markets work and have "insider knowledge". I must be a financial idiot.
Kevin.
P.S. I think we (RateSetter) will need to slow our lending.... Otherwise these market high rates will persist and we couldn't possible want that....?
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Post by westonkevRS on Feb 13, 2015 21:36:17 GMT
Last match in the 3 year market (6.4%) is higher than the 5 year market (6.3%) Contango !
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Post by bracknellboy on Feb 13, 2015 21:43:52 GMT
Doh. I got 6.3% today because I'm impatient. And In supposed to know what I'm doing, how the markets work and have "insider knowledge". I must be a financial idiot. Kevin. P.S. I think we (RateSetter) will need to slow our lending.... Otherwise these market high rates will persist and we couldn't possible want that....? Plus you are pulling the strings of some alien eggheads @ base 51 (61??). Or are they pulling yours ? The plot thickens. Or is it base 5.1 (in the 3 year market), soon to be renamed base 6.1 (in the 3 yr market). I'm confused - someone must be in control. Otherwise how can the markets be manipulated.
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Post by pepperpot on Feb 13, 2015 22:11:23 GMT
Doh. I got 6.3% today because I'm impatient. And In supposed to know what I'm doing, how the markets work and have "insider knowledge". I must be a financial idiot. Kevin. P.S. I think we (RateSetter) will need to slow our lending.... Otherwise these market high rates will persist and we couldn't possible want that....? You're doing a sterling job Kev, keep it up! (At least for a bit longer) If the borrowers keep accepting, where's the problem? bracknellboy - The world is less confusing if you take the tin foil antennae off. (Amalgam fillings are also to be avoided)
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Post by westonkevRS on Feb 14, 2015 18:05:02 GMT
Doh. I got 6.3% today because I'm impatient. And In supposed to know what I'm doing, how the markets work and have "insider knowledge". I must be a financial idiot. Kevin. P.S. I think we (RateSetter) will need to slow our lending.... Otherwise these market high rates will persist and we couldn't possible want that....? You're doing a sterling job Kev, keep it up! (At least for a bit longer) If the borrowers keep accepting, where's the problem? bracknellboy - The world is less confusing if you take the tin foil antennae off. (Amalgam fillings are also to be avoided) The problem for me is that equal populations will have different defaults rates purely based on the APR. Higher APRs make people less inclined to pay back. So I'm not liking this as a Risk Manager, but as a lender I'm piling in.... Kevin.
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oldgrumpy
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Post by oldgrumpy on Feb 15, 2015 11:27:44 GMT
Well, the weekend brigade is busy filling up the 6.1/.2% now. Grumples is stranded rather higher (he's a greedy old ***), so I wonder if Tuesday and Wednesday will be the next opportunity to steal fruit off the city boys.
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spiral
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Post by spiral on Feb 15, 2015 11:57:16 GMT
The problem for me is that equal populations will have different defaults rates purely based on the APR. Higher APRs make people less inclined to pay back. So I'm not liking this as a Risk Manager, but as a lender I'm piling in.... Kevin. Interesting point which although I have no reason to disagree with, would assume that each additional 0.1% paid only adds a smidgen of increased risk. I wonder if on the flip side, "the weekend brigade" as oldgrumpy puts it believe that the lower the rate they offer at, the less risk they are taking with their money.
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oldgrumpy
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Post by oldgrumpy on Mar 2, 2015 15:30:29 GMT
Surprised to see the Market Rate repayments for 5yr slammed in at 6.6% today. Expected 6.2/6.3%.
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spiral
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Post by spiral on Mar 2, 2015 17:31:30 GMT
Surprised to see the Market Rate repayments for 5yr slammed in at 6.6% today. Expected 6.2/6.3%. I suspect that's a consequence of the slow repayment run. By the time the auto top ups had taken place, there was already a large sum of money below 6.6 which I assume was calculated before the run started. My money didn't go on market until about 3pm today.
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adrianc
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Post by adrianc on Mar 2, 2015 17:45:12 GMT
Surprised to see the Market Rate repayments for 5yr slammed in at 6.6% today. Expected 6.2/6.3%. I don't know quite what's happened at 6.6% today - whether it's a big wodge of mistaken monthlies back after the cashback, combined with 29th/30th/31st/1st repayments, but £800k has appeared at 6.6% today... <wince>
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