Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • Bitcoin USD

    64,493.35
    +1,277.87 (+2.02%)
     
  • CMC Crypto 200

    1,378.59
    +65.97 (+5.03%)
     
  • S&P 500

    4,991.77
    -19.35 (-0.39%)
     
  • Dow

    38,048.93
    +273.55 (+0.72%)
     
  • Nasdaq

    15,396.69
    -204.81 (-1.31%)
     
  • Gold

    2,412.60
    +14.60 (+0.61%)
     
  • Crude Oil

    83.53
    +0.80 (+0.97%)
     
  • 10-Yr Bond

    4.6270
    -0.0200 (-0.43%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Why Things Could Be Looking Up for Rocket Companies' Stock

Why Things Could Be Looking Up for Rocket Companies' Stock

Mortgage banking is one of the most out-of-favor industries in the stock market at the moment. The business has always been highly cyclical, and the feasts of 2020 and 2021 are being followed by the famine of 2022, driven by the Fed's aggressive campaign to rein in high inflation. Mortgage rates rose dramatically this year, and mortgage origination volumes are a fraction of what they were a year ago.