"But the CEO of Rocket Companies, whose flagship subsidiary is Rocket Mortgage, said this week there are signs Americans are moving off the sidelines and vying for homeownership. Coming at the heels of mortgage rates dropping just slightly below 6%, Rocket CEO Varun Krishna told CNBC the company is poised to have the highest mortgage loan production volume and highest gain on sale in four years."
""The way I would describe this last quarter is very simple: It's a tale of two cities," Krishna said. "When you look at the past quarter, mortgage rates dropped to the lowest that they've been in the past three years, and Rocket was right there to capitalize." But it also says something larger about the housing market today: While some current homeowners now have the ability to move and trade up for a more expensive or larger property."
The housing market remained constrained by elevated mortgage rates and high home prices, pushing many, especially younger adults, away from homeownership. Mortgage rates recently dipped slightly below 6%, coinciding with increased buyer activity and positioning Rocket Companies for its highest mortgage loan production volume and gain on sale in four years. Rocket's gains contrast with broader industry weakness, with some lenders facing slower resets. The market now favors relatively higher‑income borrowers with strong credit who can tap home equity and benefit from modest rate declines, while younger generations largely remain sidelined.
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