Rocket Companies, Inc. (NYSE:RKT) saw a 3.56% increase in stock price on Tuesday, closing at $20.06 per share. This rise was fueled by the Federal Reserve’s indication of keeping interest rates steady for the time being, following a previous rate cut. Lower rates could benefit the real estate and financing market, boosting demand for mortgages and home purchases.

Investors are optimistic that stable interest rates will lead to increased home sales and revenue for companies like Rocket Companies, Inc. (NYSE:RKT). The Detroit-based fintech platform, which owns various real estate and mortgage businesses, is projected to generate between $2.1 billion and $2.3 billion in adjusted revenues in the fourth quarter of the year.

While Rocket Companies (RKT) shows promise as an investment, some believe that AI stocks offer even greater potential for returns with limited downside risk. For those seeking an affordable AI stock that could benefit from Trump tariffs and onshoring, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: Rocket Companies (RKT) Jumps as Fed Hints at Keeping Rates Steady For Now