Rocket Reports Increased Loan Profitability, But What Happens When Rates Rise?

The last two years have been the best for the mortgage industry since the early 2000s. The COVID-19 pandemic pushed the Federal Reserve to lower interest rates, which kicked off a refinance boom and unprecedented profitability for the industry.

Today, however, the lay of the land looks different in that the Federal Reserve is beginning to reverse the actions it took early on in the pandemic. These actions will negatively affect the entire mortgage industry.

Let's look at how Rocket Companies (NYSE: RKT) plans to navigate these potentially stormy seas.

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Source Fool.com