“Carnival of Peer-to-Peer Lending” is a lender in Prosper, and does periodic updates on p2p lending with interesting links. This weeks headline speaks about the relationship of Prosper interest rate movements to the open market.
Carnival of Peer-to-Peer Lending #7 — Rate Cuts Hit Prosper | Moolanomy
“Rate Cuts Hit Prosper” Edition! When I first started investing in Prosper last December, the estimated return for a Conservative Portfolio Plan was 9.20%. Last time I checked, this number was down to 8.00% and it’s even having problem winning bids at this lower rate. I guess this is bad for me, but good for borrowers and the economy.
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