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
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.
House hunters got some relief this week as the daily average mortgage rate dropped to its lowest level in nearly a year after a softer-than-expected jobs report. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
The financial markets are abuzz with renewed speculation regarding a potential interest rate cut by the Federal Reserve, following the release of a surprisingly weak July jobs report. This critical economic data, which revealed sluggish labor market growth and downward revisions to previous months' figures, has significantly altered the landscape
Homebuyers need to earn $112,131 per year to afford the $447,035 median priced U.S. home, little changed (+0.5%) from a year ago. But in 11 of the 50 most populous U.S. metropolitan areas, the income needed to afford a home has declined. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.
The daily average mortgage rate dropped to 6.57% on August 4, the lowest level in 10 months, according to a new report from Redfin, the real estate brokerage powered by Rocket. That means a homebuyer on a $3,000 monthly budget has gained roughly $20,000 in purchasing power since May, when the daily average rate hit a recent peak of 7.08%.
A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as investor optimism grew around a potential Federal Reserve interest rate cut following a weak U.S. jobs report.
Rocket Companies (NYSE: RKT) stands as a formidable force in the financial technology landscape, headquartered in Detroit, Michigan. This innovative enterprise has carved out a niche in facilitating homeownership and broader financial management, evolving from its roots as Rock Financial in 1985 to the publicly traded entity it is today.
Detroit, MI – Rocket Companies (NYSE: RKT), the parent company of Rocket Mortgage, has witnessed a significant surge in its stock price, fueled by robust second-quarter earnings, optimistic third-quarter guidance, and a surprising resurgence in the starter home segment of the housing market. This upward trajectory signals a potential turning point
Shares of Rocket Companies are surging in Friday morning trading. The fintech giant reported second-quarter financial results that surpassed Wall Street expectations.
Fintech mortgage provider Rocket Companies (NYSE:RKT) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 4.6% 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.
