How Did Real Estate Stocks Hold Up During the Market Frenzy?

[Ethan Gidcumb]

Even with the recent stock market chaos, there's some bright news for mortgage companies. Over the past 5 days, stocks like Rocket Mortgage have soared by +16.47%, and LoanDepot has jumped by +10.26%, thanks to falling interest rates.

On the flip side, homebuilder stocks had a bit of a rough time but are starting to bounce back this morning. Over the last 5 days, LGI Homes dropped by 13.91%, Tri Pointe Homes by 9.91%, Toll Brothers by 9.25%, and Meritage Homes by 8.94%.

What is there to look forward to?
The 30-year fixed rate dropping could reignite demand in the housing market.
As we’ve seen with homebuilder stocks, there’s definitely potential for gains as the market stabilizes.