![]() ![]() Higher interest rates mean about 10% lower buying power and when housing prices start to fall rather than rise, lenders will want higher down payments and more conservative appraisals. By the second half of the year, as the economy re-opens, the number of houses on the market will grow rapidly and the market will cease to be a sellers market in most regions of the country. I say Rocket companies has 2 more strong quarters to report and then things head back to normal and the stock moves back down to normal financial metrics. That big gap has evaporated and rates are rising, which kills off the refinance market. Rocket profited from the big gap between the rates they were selling mortgages at and the price they were able to sell them at. The stimulus money is running out and mortgage forebearance must also run out. But that heat will evaporate in the coming months as the idiots who are overpaying for houses are flushed out of the market and stock market loses and higher interest rates lead to declining home prices in an environment of higher interest rates. Food and Drug Administration granted fast-track and orphan-drug desig. Shares of Rocket Pharmaceuticals RCKT, +0.17 gained 2.3 premarket on Thursday after the late-stage biotech company said the U.S. You can unsubscribe to any of the investor. At Rocket Lab, we promise to treat your data with respect and will not share your information with any third party. The housing market and mortgage market are hot right now. Rocket Pharmaceuticals shares rise on FDA fast-track designation for heart disease treatment. Amount () Start Date: End Date: Compare to: S&P 500.
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