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Stock impact report

Why Rocket Companies Stock Skyrocketed Today [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Rocket Companies › Rocket Companies (NYSE: RKT) investors had quite a Friday to remember, as the mortgage specialist's shares leaped nearly 10% higher in price across that trading session. This was a top-down bounce, inspired by a proposed initiative at the highest levels of the U.S. federal government. No less a political figure than President Trump was behind the rally in Rocket and other real estate-adjacent stocks. Late afternoon Thursday, the President said he was pushing to directly boost the mortgage market. In a post on his preferred social media platform, Truth Social, he wrote that he was directing his officials to purchase $200 billion worth of mortgage-backed securities. This, he explained, "will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable." "It is one of my many steps in restoring Affordability," he added, addressing a concern about economic conditions that more than a few U.S. Show less Read more
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