|
Post by stevepn on Jan 23, 2017 16:42:37 GMT
I managed 3.7% this morning, what's going on with these high rates?
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 23, 2017 21:31:44 GMT
Very low supply, pre xmas there was £10m waiting to allocate, this morning it was £500k
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Jan 24, 2017 0:36:57 GMT
The flip side is that one of the contracts has already repaid early, with interest rounded down to zero.
|
|
morris
Member of DD Central
Posts: 261
Likes: 149
|
Post by morris on Jan 24, 2017 8:51:11 GMT
edit
|
|
|
Post by oppsididitagain on Jan 24, 2017 11:17:42 GMT
I had 7K matched between 3.8-4.2% over the last 2 days..
Just looking at the maturity dates and the longest one repays on Feb 2, some repay after 4 days !
|
|
|
Post by ruralres66 on Jan 24, 2017 15:00:25 GMT
I have had a spate of "3" year loans at 5.2% being repaid early.
Now rolling is re processing these I suspect RS gain from the churn and new orders.
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 24, 2017 19:08:23 GMT
I had a whole load of loans lent today that repay Monday, I mean 7/7 that were lent repay then, that's one hell of a coincidence... I am starting to suspect with rates higher thay are shorter dating, seems too many people getting very short loan periods for there not to be something going on
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Jan 24, 2017 20:24:08 GMT
I had a whole load of loans lent today that repay Monday, I mean 7/7 that were lent repay then, that's one hell of a coincidence... I am starting to suspect with rates higher thay are shorter dating, seems too many people getting very short loan periods for there not to be something going on I've not sweated the issue of rounding, and the resultant difference between the nominal and the effective rate, but if RS are going to be regularly writing ultra short term loans for low amounts, the rounding algorithm is going to be potentially significant, and I'm going to have to ask RS to explain how they handle this.
|
|
|
Post by ruralres66 on Jan 28, 2017 10:49:03 GMT
Interesting pattern developing? With more lenders not having anything of it!
Below is the current Rolling market.
Lenders >>4.1% £254.1k 4.0% £126.7k 3.7% £1,558.47
Borrowers Rate
£1,874.38 3.5% £130.5k 3.3% £2.6k 3.2%
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 28, 2017 11:42:07 GMT
Keep an eye on the borrower offer amount on Monday morning. Should be £1-£2M. Check the lender offers all the way up to that amount. Make your offer just below the top, then hope. Don't use Market Rate or set a low one like 3%. I got 3.8% yesterday. I may well try for 4-5% on Monday - can always drop it a bit if necessary later (or if I miss the cut!). Edit: My activity here is just temporary, on repayments from the 3-5 year market. I don't actually put money in the rollercoaster. Edit Monday - it's £3.4M and only £1.7M lender money .... watch that space
|
|
|
Post by fiatlender on Jan 28, 2017 12:29:38 GMT
Got filled at 3.9% earlier, checked the loan lengths and most were for 2-3 days, with a couple at 30+ days. Irratating market!
|
|
|
Post by gricehead on Jan 28, 2017 13:17:10 GMT
Got filled at 3.9% earlier, checked the loan lengths and most were for 2-3 days, with a couple at 30+ days. Irratating market! The £47k chunk at 4%, which is currently being nibbled at, is the biggest chunk on the market at any rate below 7%. Could see 5% this weekend easily. Some of it seems to be shorter loans, but my 3.5, 3.6, 3.7, 3.8 and 3.9 markers all went last night to 30+ day loans.
|
|
|
Post by d_saver on Jan 28, 2017 13:35:49 GMT
I stuck some on last night at 3.9 and 4.0. Both now filled and all for the maximum time, so happy with that.
|
|
|
Post by ruralres66 on Jan 28, 2017 13:52:11 GMT
Took a heft sum out of Rolling (averaging 3.1% at about 12pm ) and re offered at 3.9%- all taken bringing my overall average to a healthier 4.4% overall!
It's like playing the old slot machines!
Checked maturity dates an mostly 27/2- 3/3 which is nice!
I think it might be partly due to the amount I sold out and replaced on market? I found very large amounts do better 10s of Ks
|
|
spiral
Member of DD Central
Posts: 909
Likes: 456
|
Post by spiral on Jan 29, 2017 9:35:25 GMT
Took a heft sum out of Rolling (averaging 3.1% at about 12pm ) and re offered at 3.9%- all taken bringing my overall average to a healthier 4.4% overall! Was the market at or about 3.1% when you sold out? If not, I thought you still paid the charge for underselling the rate because the person buying from you needs to get a rate of 3.9%, not the 3.1 that you are selling at. If that is the case, you will be no better off. It may also explain why so many of the terms are only for a few days. If lots of people do the same as you and their contracts have only a few days remaining, the buyers of those contracts will get good rates but only for the remaining term of the sold contract.
|
|