Rocket Jumps as Trump Floats $200 Billion Mortgage-Bond Plan
Investors bought Rocket shares after a Truth Social post outlined an unconfirmed bond‑buying idea.
Overview
- President Trump said he is instructing representatives to purchase $200 billion in mortgage bonds.
- He said Fannie Mae and Freddie Mac hold about $200 billion in cash that he intends to direct toward the purchases.
- Rocket Companies traded sharply higher after-hours and was up 5.37% to $22.35 on Friday, according to Benzinga Pro.
- Benzinga reported that investors expect large agency bond buying to lower mortgage rates, which typically boosts refinancing and origination volumes for Rocket.
- The announcement came via Truth Social without confirmed implementation details or a formal program disclosed.