US mortgage lenders rise after Fed cuts rates

PennyMac Financial Services

17/09/2025 19:26

** Shares of mortgage lender rise after the U.S. Federal Reserve cuts interest rates by 25 basis points

** Rocket Companies RKT.N up 1.7%, PennyMac Financial Services rises PFSI.N up 2.9%, Mr Cooper Group COOP.O climbs 3.4% and UWM Holdings Corporation UWMC.N moves up 3.3%

** The Fed has indicated it will steadily lower borrowing costs for the rest of this year at the remaining two policy meetings this year

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))