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
The U.S. housing market is navigating an unprecedented period where elevated mortgage rates, traditionally a damper on property values, are coexisting with continued nominal home price growth. This complex dynamic is largely a consequence of an acute and persistent shortage of housing supply, creating a "new normal" for buyers,
The U.S. housing market is experiencing a notable shift as mortgage rates show a recent downward trend, offering a much-needed respite for prospective homebuyers and the broader economy. With the average 30-year fixed-rate mortgage falling to 6.35% as of September 11, 2025—a significant drop from earlier highs—
The U.S. housing market is currently in an unprecedented state of gridlock, largely defined by the uneasy marriage of elevated mortgage rates and a stubbornly low inventory of homes for sale. This unique dynamic is creating significant headwinds for aspiring homebuyers, while simultaneously propping up home values despite persistent
Mortgage rates have recently experienced a significant decline, reaching an 11-month low, according to Freddie Mac (OTCMKTS: FMCC). This downward trend, largely influenced by recent economic indicators and the anticipation of a Federal Reserve interest rate cut, presents a notable opportunity for many homeowners to refinance their loans and potentially
The American housing market is currently navigating a period of significant recalibration, driven primarily by elevated mortgage rates that continue to challenge homebuyer affordability and reshape purchasing power. Despite a modest retreat from their peaks in late 2023, current 30-year fixed mortgage rates, hovering between 6.25% and 6.53%
The American housing market is bracing for a sustained period of elevated borrowing costs, as leading financial institutions, including Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Home Builders (NAHB), release updated forecasts projecting 30-year fixed mortgage rates to largely remain within the 6% range through
The Federal Reserve, through its closely watched Federal Open Market Committee (FOMC) meetings and subsequent monetary policy decisions, wields a profound, albeit indirect, influence over the mortgage rates that profoundly impact millions of American homeowners and prospective buyers. While the Fed does not directly set the interest rates for home
Mortgage rates in the United States have experienced a significant downturn, with the average 30-year fixed-rate mortgage seeing its largest weekly decline in over a year. This notable drop, driven by a confluence of market sentiment and strong investor confidence regarding potential Federal Reserve actions, is sending ripples through the
Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months, according to a new report from Redfin, the real estate brokerage powered by Rocket. That is up from 47% in the fourth quarter of 2024 and 46% the quarter before that.
Joshua Brown, CEO of Ritholtz Wealth Management, is bullish on Rocket Companies (RKT) as it has officially broken out. Delta Air Lines (DAL), Teck Resources (TECK) and Tesla (TSLA) also discussed on CNBC's Halftime Report.
The U.S. housing market is experiencing a significant resurgence as a recent decline in mortgage rates has ignited buyer demand, propelling purchase applications to their highest year-over-year growth rate in over four years. This unexpected shot in the arm for the real estate sector signals a potential pivot from
The financial landscape is currently undergoing a significant shift as both the benchmark 10-year U.S. Treasury yield and average mortgage rates experience a sharp and sustained downward trajectory. This parallel movement, largely driven by market anticipation of impending interest rate cuts by the Federal Reserve amidst softening economic data,
The landscape of the U.S. housing market is currently experiencing a significant recalibration, as mortgage rates pull back from the multi-decade highs witnessed in late 2023. This recent downtrend, marked by the 30-year fixed mortgage rate settling around 6.35%, offers a noticeable reprieve for prospective homebuyers and existing
The U.S. economy is navigating a pivotal period marked by a discernible cooling of inflation and a noticeable softening of the labor market. These shifts are creating a new trajectory for mortgage rates, offering a potential reprieve for homebuyers and presenting both opportunities and challenges across the financial and
The financial landscape for homeowners is experiencing a significant shift as mortgage rates continue their downward trajectory, stirring a renewed wave of interest in refinancing existing home loans. This notable decline, marking rates at their lowest levels in nearly a year, presents a compelling opportunity for countless individuals to re-evaluate
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 5% in the morning session after Bank of America Securities upgraded the stock, citing benefits from easing mortgage rates.
Shares of Rocket Companies are trading higher Thursday morning. New economic data fueled investor bets on an imminent Federal Reserve interest rate cut.
Declining mortgage rates are one factor pushing the median U.S. monthly mortgage payment down to $2,604, more than $200 below May’s all-time high. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
A number of stocks jumped in the afternoon session after an unexpected decline in wholesale inflation reinforced bets that the Federal Reserve will cut interest rates.
Rocket Companies, Inc. is poised for growth as falling mortgage rates drive refinancing and its recent acquisitions promise synergies and earnings. Analyst upgrades and raised price target.
The median U.S. asking rent rose 2.6% ($45) year over year to $1,790 in August—the largest increase since December 2022. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. It’s now just $70 below the record high hit in the summer of 2022.
