Why Rocket Companies Stock Rose 13.7% in November

Joe Tenebruso, The Motley Fool
·2 min read
Why Rocket Companies Stock Rose 13.7% in November

Shares of Rocket Companies (NYSE: RKT) jumped more than 13% last month, according to data provided by S&P Global Market Intelligence. The parent company of Rocket Mortgage and Quicken Loans is enjoying surging demand for its services with mortgage rates near record lows. Rocket's third-quarter loan origination volume soared 122% year over year to $89 billion.