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. The big question is how long the boom will last. Where will Rocket be in a year from now?
Image source: Getty Images.
Source Fool.com