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
A number of stocks fell in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
More than two in five (44%) American workers are delaying or canceling a major purchase like a home or car due to their feelings about job security. An additional 30% have either already made a major purchase sooner than expected, or plan to, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Roughly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract last month, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s up from 14.5% a year earlier and marks the highest July rate in records dating back to 2017.
The typical homebuyer’s monthly mortgage payment is $2,614, the lowest level since January and down $224 from May’s all-time high, according to a new report from Redfin, the real estate brokerage powered by Rocket.
The financial markets are currently navigating a complex landscape, shaped by the latest releases of crucial economic indicators. The recently unveiled Federal Open Market Committee (FOMC) meeting minutes, coupled with the most recent figures on Building Permits and Housing Starts, have provided investors with a nuanced, and at times contradictory,
Lending support to his choice, BTIG analyst initiated coverage on Rocket Companies with a Buy rating and $25 price target. Cisco and Insulet also discussed.
U.S. home prices nudged 0.1% lower in July on a seasonally adjusted basis—the third consecutive month that prices posted a monthly decline. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) fell 3.3% in the afternoon session after its real estate brokerage subsidiary, Redfin, released a report indicating a significant slowdown in the July 2025 U.S. housing market. The report, published August 18, highlighted that homes took an average of 43 days to sell in July, the longest period for that month since 2015, due to high costs and economic uncertainty. The data also revealed a 1.1% month-over-month drop in pending home sales and the highest rate of canceled home-purchase agreements since 2017. This negative data compounded existing investor concerns about the challenging housing market, which were recently flagged by Morgan Stanley. The bank resumed coverage on the stock with an 'Equalweight' rating, citing an elevated valuation and ongoing headwinds in the mortgage sector.
The typical home that went under contract in July was on the market for 43 days. That’s up from 35 days a year earlier and is the longest span for any July since 2015, according to a new report from Redfin, the real estate brokerage powered by Rocket.
Developers obtained permits to build an average of 12.8 multifamily housing units for every 10,000 people in the U.S. over the past year, according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s down 23.1% from an average of 16.7 during the pandemic building boom, and down 1.1% from an average of 13 in the years leading up to the pandemic.
Redfin reports the median monthly mortgage payment fell to a seven-month low of $2,631 during the four weeks ending August 10, down $215 from its May peak of $2,846. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. Last week marked the 12th consecutive week that monthly payments either dropped or stayed flat.
The median U.S. asking rent rose 1.7% ($30) year over year to $1,790 in July—the largest increase since January 2023. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. July marked the second-consecutive year-over-year increase (the median asking rent rose 0.4% in June) following over two years of declining or flat rents.
A Los Angeles estate known as the “Spelling Manor,” after its former owner–producer Aaron Spelling–was the most expensive home sale of July, bringing in $110 million. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Roughly one in five (22%) homebuyers are willing to compromise personal safety to afford a home, according to a new survey, commissioned by Redfin, the real estate brokerage powered by Rocket.
Fintech mortgage provider Rocket Companies (NYSE:RKT) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 10.8% year on year to $1.36 billion. On top of that, next quarter’s revenue guidance ($1.68 billion at the midpoint) was surprisingly good and 6.9% above what analysts were expecting. Its non-GAAP profit of $0.04 per share was $0.01 above analysts’ consensus estimates.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 6.8% in the afternoon session after a favorable U.S. inflation report bolstered expectations for an imminent Federal Reserve interest rate cut, a positive development for the mortgage industry. The U.S. Consumer Price Index (CPI) report for July was largely in line with market expectations, a development that increased the chances of a Federal Reserve rate cut at its September meeting to 95%. Lower interest rates are particularly beneficial for the housing sector as they typically translate into lower mortgage rates. This makes homeownership more accessible and stimulates demand, directly benefiting mortgage lenders like Rocket. The positive sentiment was widespread across the market, lifting major U.S. stock indexes.
The average U.S. buyer’s agent commission was 2.43% for homes sold in the second quarter, up from 2.38% a year earlier. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the thrifts & mortgage finance stocks, including Rocket Companies (NYSE:RKT) and its peers.
