Rocket Mortgage should benefit as Fed drives down short

The Federal Reserve is about to lower interest rates for the first time this year, and stocks from homebuilders to mortgage providers are poised to get a big boost. The market consensus based on where interest rates futures are trading is that the Fed will lower the benchmark fed funds rate by a quarter percentage point, to 4.00%-4.25%, when it wraps up its two-day meeting Wednesday, according to the CME Group's FedWatch tool. This, in turn, should drive short-term Treasury yields like the 2-year lower. CNBC Pro screened U.S. stocks for the past 10 years, looking for those with the highest inverse correlation with the two-year Treasury yield, the part of the yield curve most sensitive to monetary policy. In other words, as short-term yields go down, these stocks tend to go up. Mortgage len