Rocket Companies’ shares surged after CEO Varun Krishna revealed the company is set to achieve its highest mortgage loan production volume in four years. Rocket reports on February 19th, with shares up 6.3% as Krishna shared the news.

The rate on a 30-year mortgage dropped to 5.99% last month, matching the low from 2023. President Donald Trump’s announcement to instruct Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds contributed to the decline.

Rocket’s advantage lies in its ability to retain customers by integrating mortgage servicing and origination. The CEO highlighted the importance of offering a seamless experience powered by AI, allowing Rocket to recapture borrowers for future transactions.

Krishna expressed optimism about the housing market, citing industry forecasts projecting mortgage market growth of up to 25% by 2026. With improving affordability and pent-up demand, existing home sales could rise by as much as 10%, according to industry estimates.

Read more at CNBC: Rocket Companies shares jump 6% after CEO says mortgage loan volume is surging