Why Rocket's First-Quarter Earnings Failed to Impress

·4 min read
Why Rocket's First-Quarter Earnings Failed to Impress

Mortgage originators tend to not get a lot of respect from Wall Street analysts. The companies are shunned because they operate in highly cyclical business environments, which ebb and flow with changes in interest rates and their direct effect on mortgage rates. Mortgage rates had been dropping steadily throughout 2019 and 2020, but they began to rise again in January of 2021.

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