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Stock impact report

Zacks Industry Outlook Highlights Velocity Financial, Onity Group and PennyMac Financial Services [Yahoo! Finance]

Velocity Financial, Inc. (VEL) 
Company Research Source: Yahoo! Finance
Chicago, IL – September 27, 2024 – Today, Zacks Equity Research discusses Velocity Financial Inc. VEL, Onity Group Inc. ONIT and PennyMac Financial Services, Inc. PFSI. Industry: Mortgage and Related Services Link: https://www.zacks.com/stock/news/2342042/lower-mortgage-rates-driving-refinancing-activities-three-stocks-to-buy The Mortgage & Related Services industry is gaining momentum with the decline in mortgage rates driven by optimism surrounding the Federal Reserve interest rate cuts. The decline in interest rates raises the demand for loan origination and refinancing by making the cost of borrowing comparatively less expensive. With such positive developments, investors can consider buying stocks like Velocity Financial Inc. Onity Group Inc. and PennyMac Financial Services, Inc. for long-term gains. Positive Trend in the Mortgage & Related Services Industry The optimism about the much-awaited interest rate cut in the Fed's policy meeting dragged the yields on long-t Show less Read more
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