GHLD - How Risky Is Rocket Stock?
The current low interest rates have created the perfect environment for mortgage originators. Refinancing volumes are pushing estimates for 2020 originations to $3.2 trillion, which would be the highest rate in almost 20 years. The housing sales environment has been so strong, a number of mortgage companies -- including Rocket Companies (NYSE: RKT) , Guild Holdings (NYSE: GHLD) , and United Wholesale -- have chosen to go public (United Wholesale's SPAC IPO through Gores Holdings IV (NASDAQ: GHIV) is still being finalized).
While the origination market is good, is it too good ? Are we at risk of another meltdown? How risky is an investment in Rocket Companies stock at the moment?
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How Risky Is Rocket Stock?