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Why Rocket Stock Popped Today

TheMotleyFool

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Shares of Rocket Companies (NYSE: RKT) surged 11.2% on Monday after interest rates retreated from their recent highs.

After surging above 1.6% last week, the yield on the 10-year Treasury note fell back near 1.4% on Monday. The 10-year note is an important benchmark that tends to impact mortgage rates.

The prospect of lower mortgage rates bodes well for Rocket Companies and its shareholders. Image source: Getty Images.

Source Fool.com

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