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Mortgage stocks

Ready to invest in the home loan industry? Consider these 7 stocks.

The best mortgage stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

How to buy mortgage stocks

Sign up with an online broker or platform to invest in one of more of these mortgage stocks.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like IVR or RKT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Invest in the home loan industry today with a market order or use a limit order to delay your purchase until the stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of a mortgage company. Optimize your portfolio by tracking how your stock — and even the home loan sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Take a deeper dive into mortgage stocks

We round up a selection of stocks in or related to the home loan industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Invesco Mortgage Capital (IVR)

Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS) that are guaranteed by a U. S.

Invesco Mortgage Capital stock opened the day at $3.49 after a previous close of $3.45. The latest price was $3.56 (25 minute delay). Invesco Mortgage Capital is listed on the NYSE and has a trailing 12-month revenue of around USD158.6 million.

  • Market capitalization: $874,836,608
  • P/E ratio: 6.4807
  • PEG ratio: -6.09

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2. Rocket Companies (RKT)

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network.

Rocket Companies stock opened the day at $19.10 after a previous close of $19.17. The latest price was $19.03 (25 minute delay). Rocket Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$16.9 billion and employs 26,000 staff.

  • Market capitalization: $2,312,778,240
  • P/E ratio: 5.9382

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3. LendingTree (TREE)

LendingTree, Inc. , through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance.

LendingTree stock opened the day at $222.01 after a previous close of $222.50. The latest price was $220.24 (25 minute delay). LendingTree is listed on the NASDAQ, has a trailing 12-month revenue of around USD$985.3 million and employs 1,289 staff.

  • Market capitalization: $2,071,547,776
  • PEG ratio: 4.4968

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4. Discover Financial Services (DFS)

Discover Financial Services, through its subsidiaries, operates as a digital banking and payment services company in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts, checking accounts, and sweep accounts.

Discover Financial Services stock opened the day at $124.14 after a previous close of $124.06. The latest price was $122.99 (25 minute delay). Discover Financial Services is listed on the NYSE, has a trailing 12-month revenue of around USD$10.9 billion and employs 17,600 staff.

  • Market capitalization: $37,026,222,080
  • P/E ratio: 7.9145
  • PEG ratio: 0.4325

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5. Citigroup (C)

Citigroup Inc. , a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Citigroup stock opened the day at $69.77 after a previous close of $70.00. The latest price was $69.96 (25 minute delay). Citigroup is listed on the NYSE, has a trailing 12-month revenue of around USD$71.7 billion and employs 214,000 staff.

  • Market capitalization: $141,794,230,272
  • P/E ratio: 7.1754
  • PEG ratio: 1.0052

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6. JPMorgan Chase-and-Co (JPM)

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).

JPMorgan Chase-and-Co stock opened the day at $157.52 after a previous close of $158.09. The latest price was $157.76 (25 minute delay). JPMorgan Chase-and-Co is listed on the NYSE, has a trailing 12-month revenue of around USD$128.6 billion and employs 260,110 staff.

  • Market capitalization: $471,458,742,272
  • P/E ratio: 10.5261
  • PEG ratio: 1.4424

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7. Bank of America Corporation (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services.

Bank of America Corporation stock opened the day at $40.46 after a previous close of $40.45. The latest price was $40.52 (25 minute delay). Bank of America Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$86.8 billion and employs 212,000 staff.

  • Market capitalization: $339,162,562,560
  • P/E ratio: 13.4529
  • PEG ratio: 1.1693

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Compare online stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

Name Product Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
OFFER
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Get a $50 bonus when you open a Wealthsimple Trade account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.

An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
OFFER
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until September 30, 2021.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in mortgage stocks, keep in mind that — like any investment — mortgage stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the home loan industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.

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