Here's Why Rocket Is Struggling in the Current Mortgage Environment
The past 18 months have been particularly difficult for companies in the mortgage space. The big increase in interest rates has depressed mortgage origination activity, and originators like Rocket Companies (NYSE: RKT) are definitely feeling the pinch.
That said, recent activity by the Federal Reserve suggests the mortgage origination industry's dark storm clouds might be easing just a bit. What does this mean for companies like Rocket that are operating in this space?
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Source Fool.com
