7 top mortgage stocks to buy in 2023

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.

7 mortgage stocks to buy in 2023

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)
2. Rocket Companies Inc (RKT)
3. Lendingtree (TREE)
4. Discover Financial Services (DFS)
5. Citigroup (C)
6. JPMorgan Chase-and-Co (JPM)
7. Bank of America (BAC)

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The mortgage stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering mortgage stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in mortgage stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2023.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like IVR or RKT.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into mortgage stocks

If you're interested in investing in the home loan industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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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 $8.13 after a previous close of $8.18. The latest price was $8.37 (25-minute delay). Invesco Mortgage Capital is listed on the NYSE and has a trailing 12-month revenue of around USD13.6 million.

• Market capitalization: $403,192,192
• PEG ratio: -6.09

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2. Rocket Companies Inc (RKT)

Rocket Companies, Inc. , a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network.

Rocket Companies Inc stock opened the day at $10.31 after a previous close of $10.35. The latest price was $10.51 (25-minute delay). Rocket Companies Inc is listed on the NYSE, has a trailing 12-month revenue of around USD$3.8 billion and employs 18,500 staff.

• Market capitalization: $19,555,031,040
• P/E ratio: 5.4606
• PEG ratio: 1.634

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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 $22.61 after a previous close of $22.78. The latest price was $23.72 (25-minute delay). Lendingtree is listed on the NASDAQ, has a trailing 12-month revenue of around USD$740.2 million and employs 1,240 staff.

• Market capitalization: $256,805,296
• PEG ratio: 3.5488

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4. Discover Financial Services (DFS)

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services 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; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.

Discover Financial Services stock opened the day at $102.25 after a previous close of $102.33. The latest price was $103.30 (25-minute delay). Discover Financial Services is listed on the NYSE, has a trailing 12-month revenue of around USD$10.4 billion and employs 20,200 staff.

• Market capitalization: $23,690,493,952
• P/E ratio: 7.0178
• PEG ratio: 13.4657

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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. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises.

Citigroup stock opened the day at $48.51 after a previous close of $48.50. The latest price was $48.89 (25-minute delay). Citigroup is listed on the NYSE, has a trailing 12-month revenue of around USD$72.5 billion and employs 240,000 staff.

• Market capitalization: $90,660,495,360
• P/E ratio: 7.519
• PEG ratio: 0.7174

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6. JPMorgan Chase-and-Co (JPM)

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through 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 $157.26 after a previous close of $156.79. The latest price was $158.52 (25-minute delay). JPMorgan Chase-and-Co is listed on the NYSE, has a trailing 12-month revenue of around USD$142.4 billion and employs 308,669 staff.

• Market capitalization: $456,750,694,400
• P/E ratio: 9.3541
• PEG ratio: 3.1206

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7. Bank of America (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 stock opened the day at $30.67 after a previous close of $30.66. The latest price was $30.96 (25-minute delay). Bank of America is listed on the NYSE, has a trailing 12-month revenue of around USD$96.8 billion and employs 213,000 staff.

• Market capitalization: $243,901,153,280
• P/E ratio: 8.6331
• PEG ratio: 7.1733

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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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