Rocket Companies shares jump 6% after CEO says mortgage loan volume is surging [CNBC]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: CNBC
“We're getting ready for our earnings call here in just a couple of weeks, and I will share with this group that we're on track to produce the highest mortgage loan production in terms of volume that we've had in four years, and the highest gain on sale that we've had in four years as well,” Krishna said on CNBC's “ Squawk Box .” Rocket shares were last up about 6.3%, jumping as Krishna shared the news. Rocket reports on February 19. Rocket Companies Inc Last | 8:34 AM EST The rate on a 30-year mortgage dropped 22 basis points to 5.99% last month, matching the low from Feb. 2, 2023, according to Mortgage News Daily. The decline came after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. Rocket's advantage stems from its ability to retain customers by tightly linking mortgage servicing and origination, the CEO said. Rocket keeps relationships intact through its servicing platf
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