RKT
NYSE · Financial Services
Rocket Cos Inc-Class A
$12.36
+0.07 (+0.57%)
RKT News30 articles
Zero-Down Loans Persist at 6.95% Rates; Monthly Costs Remain Key
Zero-down mortgages remain available through VA and USDA programs, but with rates near 7%, monthly payments are the bigger obstacle than the down payment.
Mortgage Rates Climb to 6.95%, Adding $51 to Monthly Payments
The average 30-year fixed mortgage rate rose to 6.95%, up 19 basis points from last week, marking the highest level since January 2025 and adding $51 to monthly payments on a $400,000 loan.
Rocket Companies Faces Investor Skepticism as Mortgage Rates Rebound
Rocket Companies (RKT) shares dropped 2.9% as mortgage rates rose to 6.95%, raising concerns about origination volume despite a $2 trillion servicing book.
Mortgage Rates Steady Near 6.8% as Housing Sector Faces Headwinds
Mortgage rates remain elevated near 6.8% as housing stocks decline ahead of key inflation data. Builder incentives and supply levels are under scrutiny.
Mortgage Demand Edges Higher as 30-Year Rate Holds Near 6.8%
US mortgage purchase applications rose 2% last week even as the 30-year fixed rate climbed to 6.79%. Refinancing fell 1% and remained 19% below year-ago levels, according to MBA data.
Mortgage Rate Rise Strengthens Homebuyer Leverage, Limits Affordability
The 30-year fixed mortgage rate rose to 6.66%, giving buyers more negotiating power as sellers outnumber them by 51%. Affordability stays limited.
Mortgage Rates Dip Slightly; Rocket Faces Refinancing Hurdle
Mortgage rates eased to 6.65%, saving just $5.30 monthly on a $400k loan. Refinance demand remains weak, pressuring Rocket Companies (RKT).
Rocket Stock Slips 2.6% as Modest Rate Cut Offers Little Relief
Rocket Companies shares dropped 2.6% as a 7-basis-point decline in 30-year mortgage rates cuts a typical monthly payment by only $16, underscoring limited near-term housing relief.
Rocket Shares Edge Up as Mortgage Rates Hit 3-Week Low
Rocket Companies (RKT) edged up 0.8% in premarket trading as mortgage rates dropped to a three-week low, but the company's Q3 revenue outlook remains down 5.8% from Q2.
UWM Stock Stalls Near $1.52 as Rate Relief Fails to Offset Recapitalization
UWM shares stay near $1.52 as lower rates fail to lift sentiment amid a $2.05B capital raise and suspended dividend.
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 Bounces Back on Servicing Deal, Record Refi Share
Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.
Rocket After-Hours Slide Masks Record Mortgage Share
Rocket Companies (RKT) shares fell after-hours as Q2 revenue missed despite record mortgage share, with lower-margin channels pressuring revenue.
Mortgage Rates Hit Yearly High as Treasury Yields Take Center Stage
Freddie Mac reported the average 30-year mortgage rate rose to 6.69%, the highest in a year, as Treasury yields become the primary driver for housing investors.
Opendoor's Inventory Surge Overshadows Cost Gains, Shares Drop
Opendoor stock dropped 8.7% as its $1.85B inventory surge outweighed improved cost per acquisition. Analysts warn on resale speed.
Mortgage Rates Hit One-Year High as Treasury Yields Dominate Investor Focus
U.S. mortgage rates hit a one-year high at 6.66%, with Treasury yields driving the move. Housing stocks declined as loan applications fell sharply.
Second-Home Mortgage Originations See First Annual Gain in Four Years, Wealthy Buyers Drive Recovery
U.S. second-home mortgage originations increased 4.1% in 2025, the first annual gain in four years, though activity is still 65% below the 2021 record. High-income borrowers accounted for 85.2% of loans.
Rocket Companies Gains on $2.1 Trillion Servicing Book Amid Mortgage Downturn
Rocket Companies shares climbed 2.8% as its massive $2.1 trillion servicing book offsets weak mortgage demand, with rates at 6.76%.
Opendoor Stock Steady at $3.85 as Q2 Earnings Focus Shifts to Margins
Opendoor shares ended Monday at $3.85, gaining 0.4% after a sharp weekly drop. Q2 earnings due Aug. 4 will spotlight margin improvements and adjusted EBITDA progress.
Opendoor Contracts Rise 12% as Margins and Mortgage Rates Diverge
Opendoor's weekly acquisition contracts rose 12% as of July 18, but shares slipped 2.2% amid rising mortgage rates and margin scrutiny ahead of Q2 earnings.
Rocket Companies Extends Credit Facility as Mortgage Rates Pressure Housing Market
Rocket Companies (RKT) closed 3.8% lower on Monday after expanding its credit facility by $200 million and extending maturity by 378 days, as mortgage rates continue to weigh on the housing market.
Opendoor (OPEN) Faces Q2 Earnings Test After Week of Heavy Trading
Opendoor shares ended the week at $4.50 after unusually high trading volume, with about 55% of shares changing hands. The company reports Q2 results on August 4.
Opendoor Retreats After Options Expiry Fuels Rally Reversal
Opendoor Technologies (OPEN) dropped 6.6% on Friday after a surge in options trading expired, erasing most of Thursday's 10.7% rally.
Opendoor Stock Soars 11% as Investors Bet on Housing Turnaround
Opendoor shares surged 11% on Thursday, adding $510 million in market value, despite a drop in U.S. existing-home sales and no fresh company news.
Opendoor Stock Holds Near $4.79 in Heavy Volume; Options Signal Mixed Sentiment
Opendoor Technologies (NASDAQ: OPEN) held near $4.79 in heavy trading volume, while options flow remained mixed and analysts' average target sits at $4.82.
Mortgage Rate Dip Fails to Unlock Refinance Market as Spreads Remain Wide
Freddie Mac reports the 30-year fixed mortgage rate at 6.43%, the lowest in seven weeks, but refinance demand remains tepid due to a 194-basis-point spread over the 10-year Treasury.
Opendoor Surges 9.6% on Heavy Volume, Short Sellers Squeezed
Opendoor Technologies (NASDAQ:OPEN) jumped 9.6% to $5.065 on Wednesday, with midday trading volume reaching 40.1 million shares, nearly matching its 65-day average. Short interest is 19.07% of float.
Mortgage Rates Remain Near Lows, Refi Savings Elusive
Mortgage rates are near recent lows, but the gap between quoted and actual rates keeps refinancing out of reach for most homeowners. Housing construction spending also declined.
Opendoor Shares Rally 5% on First Day in Russell 3000 Index
Opendoor (OPEN) jumped 5.26% on its Russell 3000 debut, with volume surging to 78.32 million shares. Short interest remains elevated at 16.08% of float.
Rocket Companies Slides as Housing Bill Rally Fizzles on Rate Concerns
Rocket Companies (RKT) shares slipped 0.8% after a housing bill rally faded. Mortgage rates remain near 6.5%, weighing on refinance and purchase demand.