Rocket Companies stock (RKT) jumps on Trump’s $200B mortgage-bond move — what to watch next
Rocket Companies shares jumped 9.6% to $23.29 Friday after the Trump administration announced $200 billion in mortgage-backed securities purchases tied to Fannie Mae and Freddie Mac. The move triggered a rally in housing stocks as investors bet on lower mortgage rates. Treasury Secretary Scott Bessent said the buying will match the Fed’s runoff pace, starting with a $3 billion tranche.