RKT
NYSE · Financial Services
Rocket Cos Inc-Class A
$13.72
+0.50 (+3.78%)
RKT News30 articles
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.
Refi Activity Rises as New Home Sales Slump, Inventory Swells
Refinance applications rose 3% last week, but purchase demand weakened as new home sales plunged 7.3% in May, leaving builders with a 10.3-month supply.
Rocket Companies Soars on Mortgage Demand Uptick; Redfin Data Shows Home Price Stability
Rocket Companies (RKT) jumped 13.5% after mortgage applications rose 1% and refinancing demand increased 3%. Redfin data showed home prices edged up 0.3% in May, but a 7.3% drop in new-home sales highlights ongoing housing risks.
Rocket Companies Surges 9% Pre-Holiday as Mortgage Rates Dip and Demand Improves
Rocket Companies shares surged 9.08% to $14.42 on heavy volume before the Juneteenth market closure, as 30-year mortgage rates dipped to 6.47% and homebuying demand improved.
Rocket Shares Slide 6% as Fed Rate Hold, Downgrade Pressure Mortgage Lenders
Rocket Companies shares dropped 6% as the Federal Reserve kept rates unchanged and BTIG downgraded the stock, highlighting ongoing headwinds for mortgage lenders.
Rocket Companies Shares Hold Steady Near $14 After BTIG Downgrade and Debt Refinancing
Rocket Companies shares held near $14 after BTIG downgraded the stock to Neutral, citing valuation already reflecting platform strengths, as the company refinanced $1.5B in debt.
Opendoor Technologies Joins Russell 3000 Index, CEO Increases Stake
Opendoor Technologies (OPEN) shares jumped 6% premarket after the company announced its inclusion in the Russell 3000 Index, effective June 26. CEO Kaz Nejatian purchased 100,000 shares, increasing his stake to 83.58 million.
US Mortgage Rates Hit 9-Month Peak, Refinancing Plunges
US mortgage rates climbed to 6.65% last week, the highest since August 2025, sending refinance demand down 18% and total applications down 8.5%.
Mortgage Rates Hit 8-Month High, Pressuring Housing Demand and Lender Stocks
Mortgage rates reached an eight-month peak on Friday, with the average 30-year fixed loan at 6.64%. The Mortgage Bankers Association reported a 10.5% weekly drop in applications as affordability concerns mount.
Mortgage Rates Surge to 6.38%, Highest Since September, Pressuring Housing Stocks
The average 30-year fixed mortgage rate jumped to 6.38% this week, reaching its highest level since early September. The increase, driven by rising Treasury yields and surging oil prices, contributed to a 10.5% weekly drop in mortgage applications.
Opendoor Stock Surges 6% Despite Bleak Housing Data and Quarterly Loss
Opendoor Technologies shares climbed almost 6% on Monday, outperforming housing peers amid a market rally, even as the company reported a massive quarterly loss and the housing sector remained sluggish.
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.
Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.