Rocket Companies shares jump 8.42% intraday as CEO forecasts record mortgage loan volume and improved market conditions.

Rocket Companies surged 8.42% intraday after its CEO, Varun Krishna, told CNBC the firm is “on track to produce the highest mortgage loan volume and the highest gain on sale in four years,” citing improved market conditions as mortgage rates decline. The comments highlighted the company’s ability to capitalize on a thawing housing market, where the reduced “lock-in” effect—due to fewer homeowners with rates below 3%—is boosting resale activity. The bullish outlook aligned with positive investor sentiment, driving the sharp intraday rally. Other news, such as the upcoming earnings release and unrelated updates about Western Digital, did not influence the stock’s immediate movement.