Mortgage Stocks Are Rocketing Higher

Wall Street Journal, July 12, 2023–Telis Demos (subscription)
Mortgage rates are up and the supply of homes for sale is down. Yet home-buying companies’ shares are surging. Rocket is up nearly 17% so far this week, and UWM Holdings is up about 16%. Online listing and real-estate services company Redfin is up 22%.
https://www.wsj.com/livecoverage/stock-market-today-cpi-report-inflation-07-12-2023/card/mortgage-stocks-are-rocketing-higher-9ZjV8hLHqe1T0LgbDnkN