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MTG News2 articles

Rocket Shares Rise as Cooler Inflation Trims Mortgage Costs

Rocket Companies (RKT) advanced 1.7% premarket as a softer CPI report cut mortgage rates, saving $16 monthly on a $400,000 loan. The average 30-year rate fell to 6.72%.

Rocket Companies Shares Slide Amid Mortgage Rate Surge, Erasing Analyst Boost

Rocket Companies shares declined sharply Friday, underperforming peers as rising mortgage rates pressured the sector. The drop reversed gains from a recent analyst upgrade.