Mortgage lenders gain on rate-cut optimism

Reuters
2025.11.21 18:49
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Shares of mortgage lenders and real estate firms surged as traders anticipated a potential interest rate cut following dovish comments by New York Fed President John Williams. LoanDepot, Rocket Companies, PennyMac Financial Services, and UWM Holdings saw significant gains. The market now predicts a 75% chance of a 25 basis point rate cut at the Fed's December meeting, up from 37% earlier. Rate cuts could boost mortgage origination volumes and attract more buyers.

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