$Rocket (RKT.US)$ mortgage refinancing increase by 35% in on...
$Rocket (RKT.US)$ mortgage refinancing increase by 35% in one week and this was because interest rates dropped so significantly year over year. rocket mortgage derives an enormous amount of business from existing clients by offering refinancing as an option to lower their cost on their current home and investment properties. on any weakness you need to be buying rocket I've talked about this company going back to the beginning of the year. it's also important to understand that this company has a history of offering special cash dividends when times are exceptionally well we're not there yet but probably sometime next year in June or August after interest rates have come down 150 tuner basis points they're going to have a blowout quarter and they'll offer a dollar to a $1.50 A share cash for a special dividend to shareholders. this is a great company I think it's better than most of the banks that offer refinancing as a revenue stream I think there's more upside here.
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