Rocket Companies Inc Stock News

SEATTLE--(BUSINESS WIRE)--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. This is based on a Redfin-commissioned surve...

SEATTLE--(BUSINESS WIRE)--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. This is based on a Redfin analysis of MLS pending-sales da...

SEATTLE--(BUSINESS WIRE)--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. Housing payments are falling mainly because mortgage rates are falling. The weekly average mortgage rate dropped to a 10-month low of 6.58% last week in the...

Rocket Companies, Inc. is executing well on its strategy to become a one-stop home buying platform, integrating Redfin and Mr. Cooper with AI-driven efficiencies. Early results show improved customer conversion, faster processes, and real synergy potential, despite a tough housing market and integration risks. RKT valuation is steep, but projected profit growth and operating leverage could just...

SEATTLE--(BUSINESS WIRE)--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. On a year-over-year basis, price growth slowed to 2.9%, the lowest rate recorded in Redfin Home Price Index (RHPI) data going back to 2012. ...

After the recent solid inflation data, investors are now very confident that the Federal Reserve will finally resume lowering interest rates at the September meeting. In this video, I'm joined by longtime Fool.com contributing analyst Tyler Crowe, and each of us discusses a stock that could be a big winner as rates fall.

Most investors see a stock chart trading near highs and think they've missed the boat on the underlying opportunity. While that is sometimes true, there are times when the initial breakout is only the beginning of a much broader move in the future.

SEATTLE--(BUSINESS WIRE)--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. Homes are taking longer to sell because demand is shrinking due to high homebuying costs and economic uncertainty. Pend...