"We delivered our most profitable quarter in four years," Krishna said. This includes $28.1 billion from the direct-to-consumer channel, $11.1 billion via Rocket Pro and $10 billion in correspondent acquisitions. Purchase market share increased to 6.2% from 5.5% in the fourth quarter of last year, while refinance share grew to 14.3% from 12.2% over the same period. Looking forward, Brown said Rocket expects the housing market to remain challenging in the near-term. Examining real-time data, the third quarter's mortgage market should be smaller than the period just ended, something which has not occurred since 2022, he said.