Rocket, United Wholesale Mortgage stocks plunge to all-time lows

Candice Williams
The Detroit News

Stock prices of the two largest mortgage companies in the United States — both headquartered in Metro Detroit — have dropped to all-time lows.

Detroit-based Rocket Companies closed at $11.08 a share Wednesday, down 3.9% for the day and off almost 21% this year, while Pontiac-based UWM Holdings Corp. closed at $4.15 a share, down 6.9% for the day and nearly 30% this year.