Rocket Cos (RKT) and LendingTree (TREE) operate in the mortgage lending industry. Both the stocks have underperformed the broader markets in 2021. If you’re looking to buy the dip, which stock is currently the better investment?.The last few years have been extremely beneficial for players in the mortgage lending space. A low-interest-rate environment and an increase in consumer spending have acted as primary drivers in top-line growth for mortgage lenders, such as Rocket Companies (RKT) and LendingTree (TREE).
However, both stocks have lost momentum in recent months. RKT stock is down 62% from all-time highs and is valued at a market cap of $31 billion. TREE has lost close to 70% from all-time highs and has a market cap of $1.61 billion.
Today I’ll analyze both mortgage stocks to determine which is currently the better buy.