About Rocket Companies, Inc. Class A Common Stock (RKT)
Rocket Companies Inc is a consumer-focused technology company that specializes in the mortgage and real estate sectors. It is best known for its primary subsidiary, Quicken Loans, which offers a streamlined online platform for mortgage origination and refinancing, making it easier for customers to navigate the home loan process. The company leverages its innovative technology and data analytics to deliver personalized mortgage solutions, along with tools and resources for home buyers and homeowners looking to manage their financial endeavors. In addition to mortgage services, Rocket Companies also provides a range of related services, including real estate transactions, connecting clients with real estate professionals, and facilitating the buying and selling process. Read More
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 6% in the afternoon session after positive momentum continued as stockholders approved the company's $9.4 billion all-stock merger with Mr. Cooper Group Inc.
The U.S. labor market is showing definitive signs of cooling, igniting strong expectations among investors and economists that the Federal Reserve could initiate an interest rate cut as early as its September 2025 meeting. This pivotal shift in economic dynamics carries immediate and profound implications for financial markets, potentially
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 3.2% in the morning session after Shares of Rocket Companies (RKT) rose 2.96% in the morning session on continued positive momentum following major progress on its pending acquisition of Mr. Cooper Group.
U.S. real estate investors purchased roughly 52,000 homes in the second quarter, the lowest level for that time of year since 2020, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down 6% from a year earlier, the biggest drop since the fourth quarter of 2023.
Declining mortgage rates have pushed the median U.S. monthly housing payment down to $2,593, the lowest level since January, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate has ticked down to 6.56%, the lowest level in nearly a year.
Lower interest rates are more than a macro headline. For some businesses, what the Federal Reserve decides to do plays an integral role for both management and investors.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 3.9% in the afternoon session after the company announced an extension for its tender offers related to its pending acquisition of Mr. Cooper Group, signaling strong progress in the deal.
The number of homeowner households in America fell 0.1% year over year to an estimated 86.2 million in the second quarter, according to a new report from Redfin, the real estate brokerage powered by Rocket. While that’s a marginal decline, it’s the first since 2016.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) fell 3.6% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
The number of homes sold in seasonal towns, those where vacation demand drives the housing market, fell 3% year over year in July, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s compared to a 1% decline in non-seasonal towns.
Housing costs could return to “normal” by 2030 if home-price growth stabilizes and mortgage rates fall to 5.5%, according to a new report from Redfin, the real estate brokerage powered by Rocket.
The total number of homes for sale in Las Vegas rose 31% year over year in July, the biggest increase of any major U.S. metro area and roughly triple the national increase. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks a year straight of 20%-plus inventory increases for Las Vegas.
Falling mortgage rates have pushed the median U.S. monthly mortgage payment down to $2,616, its lowest level since the start of the year, according to a new report from Redfin, the real estate brokerage powered by Rocket. The weekly average mortgage rate is sitting at 6.58%, its lowest level in 10 months.
The U.S. housing market has lost about 14,000 home sellers over the past two months, with the total number of sellers falling to 1.95 million in July from a peak of 1.96 million in May. This is according to a new report from Redfin, the real estate brokerage powered by Rocket. This marks the first decline since July 2023, when the supply of homes for sale bottomed out near a historic low as rising mortgage rates made homeowners reluctant to sell.
A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance.
Investors who prioritize stability may miss out on higher-reward opportunities elsewhere.
The gap between 10-year treasury yields and mortgage rates (known as the mortgage spread) has dropped to its lowest level in over three years, allowing mortgage rates to fall more than treasury yields. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
The U.S. housing market is currently presenting a complex and somewhat contradictory picture, with recent data revealing both a modest uptick in housing starts and a persistent lack of confidence among homebuilders. While July's housing starts offered a glimmer of positive activity, particularly in the multi-family sector, the August
Please replace the release dated Aug. 21, 2025 with the following corrected version due to multiple revisions, and replace the graphic with the accompanying corrected graphic.
Seven in 10 Gen Z and millennial renters struggle to afford their regular housing payments, as do 41% of homeowners in that age group, according to a new report from Redfin, the real estate brokerage powered by Rocket.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
