Where Will Rocket Be in 1 Year?

Brent Nyitray, CFA, The Motley Fool
·3 min read
Where Will Rocket Be in 1 Year?
Where Will Rocket Be in 1 Year?

With the Fed cutting interest rates to zero, 2020 has been the year of the mortgage banker. Mortgage banking companies are experiencing their highest volume in nearly 20 years, and a slew of them have either gone public or made plans to do so, led by Rocket (NYSE: RKT), the company behind Quicken Loans. The mortgage banking industry is certainly striking while the iron is hot.