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News · 26 weeks169-31%
2025-12-282026-06-21
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Latest news
25 items- PRRedfin Reports 46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That MonthNearly half of U.S. home sellers gave concessions to buyers in May, the highest May share in Redfin’s records Concessions were most common in Nashville, the nation’s strongest buyer’s market, where three-quarters of sellers handed out concessions to attract buyers They were least common in the Bay Area and other markets that are tilting toward sellers 16% of May’s home sales had both a concession and a price drop, also the highest May share on record Home sellers gave concessions to buyers in 46.2% of U.S. home sales in May, up from 43.1% a year earlier and the highest share for that month in our records. That’s according to a new report from Redfin, the real estate brokerage p
- PRHousing Payments Hit 1-Year High, Sending Buyers to the SidelinesRedfin reports pending home sales fell for the fifth week in a row, and new listings declined, too The median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year and just about $100 shy of 2023's all-time high. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Housing payments are rising because both home-sale prices and mortgage rates remain stubbornly high. The median sale price rose 2.3% year over year to a record high of $403,889, and the weekly average mortgage rate is 6.52%, near its highest level in 10 months. The average daily rate dropped to 6.54% on Wednesday from 6.75% a month earli
- PRFormer Red-Hot Seller's Markets, Like Atlanta, Now Lead the Nation in Canceled Home SalesRedfin reports 4 of the 10 metros where contract cancellations were most common in May were in Texas, and three were in Florida; all are strong buyer's markets Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today's market. Cancellations of contracts to buy homes are most common in Atlanta, Fort Worth, TX and Jacksonville, FL. In each of those places, roughly 18% of all home-sale agreements that went under contract in May fell through, according to a new report from Redfin, the real estate brokerage powered by Rocket. Nationwide, the portion of buyers backing out of contra
- SECRocket Companies Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement8-K - Rocket Companies, Inc. (0001805284) (Filer)
- ANALYSTRocket Companies downgraded by BTIG ResearchBTIG Research downgraded Rocket Companies from Buy to Neutral
- PRSpaceX Employees Could Buy 2 in 5 San Antonio Homes With Their IPO WindfallRedfin reports the massive IPO would create enough wealth for SpaceX employees to buy roughly 40% of all the homes in San Antonio, one of the closest major metros to where the company is headquartered. Or they could buy every single home in McAllen, located just 80 miles away from SpaceX headquarters. Alternatively, they could buy 5% of all homes in the Los Angeles metro, where the company was founded.With the wealth created through SpaceX's massive IPO, current and former employees could hypothetically pool their money to buy an estimated 40% of all homes in San Antonio, according to a new report from Redfin, the real estate brokerage powered by Rocket. San Antonio is the closest major U.S.
- PRRecord Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight WeekRedfin reports high housing costs and economic instability are driving would-be buyers away The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data. Monthly payments are historically high, too. The typical monthly payment was $2,619, just $8 shy of late May's 11-month high. Stubbornly high home prices, combined with mortgage rates in the mid-6% range, are propping up monthly housing payments. High housing
- SECRocket Companies Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders8-K - Rocket Companies, Inc. (0001805284) (Filer)
- PRRocket Companies Announces Upsizing and Pricing of Senior Notes due 2031 and Senior Notes due 2034DETROIT, June 9, 2026 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) (the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its previously announced private offering of $900,000,000 aggregate principal amount of 6.125% senior notes due 2031 and $600,000,000 aggregate principal amount of 6.500% senior notes due 2034 (collectively, the "Notes" and such offering, the "Offering"). The aggregate principal amount of the Notes to be issued was increased to $1.5 billion from the previously announced $1.2 billion. The Notes will initially be fully and u
- SECRocket Companies Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits8-K - Rocket Companies, Inc. (0001805284) (Filer)
- PRRocket Companies Announces Offering of Senior Notes due 2031 and Senior Notes due 2034DETROIT, June 9, 2026 /PRNewswire/ -- Rocket Companies, Inc. (NYSE:RKT) (the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, is proposing to issue and sell $600,000,000 aggregate principal amount of senior notes due 2031 and $600,000,000 aggregate principal amount of senior notes due 2034 (collectively, the "Notes") in an offering that will be exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") (the "Offering"). The Notes will initially be fully and unconditionally guaranteed, jointly and severally, on a
- PRNashville, Miami and Austin—Once Pandemic Homebuying Hotspots—Are This Spring's Strongest Buyer's MarketsRedfin reports 35 of the 50 most populous U.S. metros were buyer's markets in May, led by places in the Sun Belt. There are nearly half a million more home sellers than buyers in the U.S. housing market—46.9% more—signaling that buyers hold the power. The number of sellers entering the market is at a 6-year high. Meanwhile, homebuying demand remained flat, which widened the gap slightly. Homebuyers hold the power in the U.S. housing market. There were an estimated 46.9% more home sellers than buyers in the U.S. housing market in May, up from 46.4% the month before but down from a peak of 49.5% in December 2025. This is according to a new report from Redfin, the real estate brokera
- INSIDERDirector Rizik Matthew converted options into 12,261 shares and disposed of $155,102 worth of shares (12,261 units at $12.65) (SEC Form 4)4 - Rocket Companies, Inc. (0001805284) (Issuer)
- PRRising Rates Stall Housing Market Momentum Just After Closed Home Sales Hit Highest Level Since 2022Redfin reports closed home sales jumped in May, reflecting April's dipping mortgage rates and a strong labor market But pending home sales were flat, a real-time reflection of May's rising mortgage rates and economic uncertainty, which dampened buyers' appetites New listings rose to their highest level since 2022 as sellers tried to capture demand U.S. existing-home sales jumped 2.8% month over month in May to their highest level since October 2022, according to a new report from Redfin, the real estate brokerage powered by Rocket. Overall home sales—including both existing and newly built homes—also rose to their highest level since October 2022, rising 3.8% month over month. W
- PRNew Listings Fall 1.3%, One of the Biggest Weekly Declines of 2026Redfin reports would-be home sellers are stepping back as high rates and economic jitters keep buyers on the sidelines New listings of U.S. homes for sale are down 1.3% week over week, one of the biggest declines of the year. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Prospective home sellers are backing off because homebuying demand has slowed down. Pending home sales ticked down 0.2% week over week during the week ending May 31—a small decline, but the third in a row. Mortgage-purchase applications fell to their lowest level in six weeks. There are a couple reasons house hunters—and, by extension, would-be sellers—are stepping back:
- PRRedfin Reports Sellers Are Pulling Their Homes Off the Market at Near-Record RatesMore sellers are delisting as their homes sit on the market longer than they'd like and/or they're unable to fetch the price they want. Some sellers who delisted their homes in the last year are relisting them: 2.5% of homes are relistings that were previously pulled off the market, the highest share since 2020. Redfin Early Access, which allows homeowners to test the market privately to gather pricing feedback, may help sell homes the first time they're listed. Nationwide, 5.8% of all U.S. home listings were taken off the market in April, according to a new report from Redfin, the real estate brokerage powered by Rocket. That's tied with December 2025 for the highest share sinc
- PRRedfin Reports the Typical Homebuyer's Down Payment Falls to $64,000 As Americans Hold Onto CashDown payment percentages were highest in three California metros: San Jose, San Francisco and Anaheim (25% each). They were lowest in Virginia Beach (2%) and Detroit (5%), which are both relatively affordable markets. Median down payment percentages fell most in Fort Lauderdale, Las Vegas and Atlanta. It rose most in Tampa, Denver and Miami. The typical U.S. homebuyer put down $64,000 in March, 1.5% less than a year earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. In percent terms, the typical homebuyer puts down 15% of a home's purchase price, down from 16.1% a year earlier. These findings are from a Redfin analysis of county record
- PRRocket Mortgage, Nation's #1 Mortgage Lender, Adopts VantageScore 4.0 Credit Score for MortgagesThe Top 30 Largest Mortgage Originators in the U.S. Now Use VantageScore 4.0 VantageScore 4.0 Delivers More Predictive Decisioning by Leveraging More Data While Reducing Costs and Risk VantageScore today announced that homebuyers can now use VantageScore 4.0 credit scores to qualify for home loans at the top-30 mortgage lenders, including Rocket Mortgage – the largest mortgage lender. VantageScore 4.0 is available to those who apply for home financing directly with Rocket Mortgage or through one of the thousands of mortgage brokers who are partnered with Rocket Pro. This additional credit score option is intended to help make homeownership accessible for millions more creditworthy Am
- PRRedfin Reports Investor Home Purchases Fall to Lowest Level Since 2020Elevated housing costs, a slower-than-usual housing market and a cooling rental market are squeezing potential returns for U.S. investors U.S. investor home purchases fell 6% year over year in the first quarter to their lowest level since 2020, when the start of the pandemic ground homebuying to a halt, according to a new report from Redfin, the real estate brokerage powered by Rocket. Prior to 2020, the last time investors bought so few homes was in 2016. Investor home purchases fell in the first quarter largely because elevated housing costs squeezed potential returns. While mortgage rates were slightly lower in the first quarter than recent peaks, dipping into the low-6% range from n
- PRHigher Mortgage Rates Push Pending Home Sales Down for Second Straight WeekRedfin reports some would-be homebuyers are hesitating as housing costs rise and the ongoing Iran war makes the economy feel shaky Fewer house hunters are going under contract to buy homes, according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April. House hunters are backing off mainly because mortgage rates are rising, with the daily average hitting a 10-month high of 6.75% last week. Higher ra
- PRRedfin Reports 29% of U.S. Homebuyers Paid Cash in March—the Lowest Share For That Month Since 2020With hundreds of thousands more home sellers than buyers in the market, fewer house hunters feel inclined to make cash offers to stand out in bidding wars. Economic uncertainty is also encouraging buyers to hold onto cash and finance home purchases. Just under three in 10 (28.8%) U.S. homebuyers paid in all cash in March, down from 29.8% a year earlier and tied with 2021 for the lowest March share since 2020, according to a new report from Redfin, the real estate brokerage powered by Rocket. The prevalence of all-cash home purchases peaked at nearly 35% in 2023 because mortgage rates hit a two-decade high of almost 8% during that time. Buyers who could afford to were inclined to pay in
- PRRedfin Reports the Income Needed to Afford a Home Declined For Seventh Straight Month in AprilHomebuying affordability improved slightly in April because mortgage rates declined while incomes rose. Still, the income required to afford a home was $29,000 higher than the typical U.S. income—and mortgage rates rose again in May, potentially erasing some of the affordability gains made in April. A household earning the average U.S. income would need to spend 40% of their income on the median-priced home, down from 42% a year ago 33% of home listings are affordable, up from 29% a year ago—but down from more than 50% five years ago Americans needed to earn $116,780 to afford the typical U.S. home for sale in April, down 2% from $119,191 a year earlier. That's according to a new
- PRLuxury Home Prices Rise Amid Uptick in High-End Homebuying and SellingRedfin reports the median luxury sale price is up 4% year over year—more than double the gain in non luxury prices The median U.S. luxury home sale price rose 3.6% year over year to $1.39 million during the three months ending April 30—more than double the 1.4% gain in non luxury sale prices. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Luxury prices are on the rise as demand for luxury homes increases. Pending sales of luxury homes jumped 4.3% year over year—the largest gain since January 2025. That's slightly larger than the 4% gain in non luxury pending sales, which was the biggest since December 2024. Homebuyer demand has generally been
- PRRedfin Reports Home Purchase Cancellations Are No Longer on the Rise As Demand Ticks UpContract cancellations declined slightly in April as homebuyers and sellers gained a clearer sense of the housing market after years of volatility, and as demand picked up Just over 47,000 U.S. home-sale agreements fell through in April, equal to 13.4% of homes that went under contract that month. That's down incrementally (-0.1 percentage points) from a month earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. It's also tied with January for the lowest level of contract cancellations since September 2024, though the level has varied by less than half a percentage point over the last year and a half. This is based on a Redfin analysis of MLS pe
- PRPending Home Sales Slip for First Time Since Early April as Mortgage Rates ClimbMortgage rates jumped to a 10-month high, spooking would-be homebuyers and sellers after a few weeks of solid demand U.S. pending home sales fell 1.1% from a week earlier during the week ending May 17, the first decline since early April, according to a new report from Redfin, the real estate brokerage powered by Rocket. Pending sales are still at their second-highest level since September 2022, but it's notable that the jump seen over the last several weeks is starting to reverse. Note that this data is seasonally adjusted. Additionally, mortgage-purchase applications declined 4% week over week. Homebuying demand fell because mortgage rates increased. The daily average mortgage rate
RKT FAQ
7 questionsWhat does Rocket Companies Inc. do?
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and...Where does RKT stock trade?
Rocket Companies Inc. (RKT) is listed on NYSE.What sector and industry is RKT in?
Rocket Companies Inc. operates in the Finance sector, Finance: Consumer Services industry.When did Rocket Companies Inc. go public?
Rocket Companies Inc. (RKT) completed its IPO in 2020.What are analysts saying about RKT?
Rocket Companies Inc. has had 8 recent analyst actions on file. The most recent action was from BTIG Research: Neutral on 2026-06-16. Recent price targets range from $1900.00 to $2500.00.What companies are similar to RKT?
Notable peers in the same industry include AXP (American Express Company), SPGI (S&P Global Inc.), MCO (Moody's Corporation), NU (Nu Holdings Ltd.), COIN (Coinbase Global Inc.). Compare RKT side-by-side with any of them on Quantisnow.How can I track RKT on Quantisnow?
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