Welcome to our dedicated page for Rocket Companies news (Ticker: RKT), a resource for investors and traders seeking the latest updates and insights on Rocket Companies stock.
Rocket Companies, Inc. (NYSE: RKT) is a leading fintech innovator transforming mortgage lending through AI-powered solutions like Rocket Mortgage. This news hub provides investors and industry professionals with essential updates on RKT's strategic initiatives, financial performance, and technological advancements.
Access real-time press releases covering earnings reports, partnership announcements, product innovations, and market developments. Our curated collection ensures you stay informed about key milestones in digital mortgage solutions, real estate technology, and financial services expansion.
Discover updates on RKT's core business segments including Rocket Mortgage operations, Pro Partner network growth, and AI-driven tools like Rocket Logic. Content is organized for quick scanning while maintaining depth for professional analysis.
Bookmark this page for continuous access to verified corporate communications and third-party analysis. Check regularly for updates on RKT's role in shaping the future of home financing through technology and customer-centric solutions.
Redfin (NYSE:RKT) reports a significant shift in the U.S. housing market, with 16.7% of home sellers dropping their asking prices in August 2025, the highest rate for that month since records began in 2012. The typical home sold for 3.8% below asking price, marking the steepest August discount since 2019.
Single-family homes are experiencing the most significant price adjustments, with 18.3% of listings seeing price cuts, compared to 12.8% for condos and 11.5% for townhomes. Among major metros, Denver leads with 31.1% of sellers reducing prices, followed by Indianapolis (30.7%) and San Antonio (28.5%).
The trend reflects a buyer's market dynamic, with sellers outnumbering buyers by over 500,000 in August, the second-largest gap in over a decade.
Redfin (NYSE:RKT) reports a notable shift in the U.S. housing market, with pending home sales declining 1% year-over-year in the four weeks ending September 28, 2025, marking the largest drop in nearly five months. The median home sale price increased 2.5% year-over-year to $390,845, while mortgage rates reversed their downward trend, rising to 6.3% from 6.26%.
The report highlights significant regional variations, with 30 of the 50 largest U.S. metro areas experiencing declining sales, led by Houston (-15.4%), Denver (-12.3%), and Las Vegas (-11.2%). Despite challenges, there are positive indicators: starter home sales increased 4% in August, and buyers maintain strong negotiating power with half a million more sellers than buyers in the market.
The median monthly housing payment reached $2,590, up $40 from September's 9-month low, while total housing inventory growth slowed to 8.4%, the smallest increase since early 2024.Redfin (NYSE:RKT) reports that luxury home prices increased 3.9% year-over-year to a median of $1.25 million in August 2025, setting a record for the month but remaining below March's all-time high of $1.35 million. Despite higher prices, luxury home sales declined 0.7% year-over-year, marking the lowest August level since Redfin began tracking in 2013.
The luxury market showed mixed signals with inventory climbing 9.5% to the highest August level since 2020, while the typical luxury home took 46 days to sell, three days longer than last year. Only 28.3% of luxury homes went under contract within two weeks, the lowest August level since 2020. Notable regional variations included West Palm Beach leading price growth with a 15% increase, while Indianapolis topped sales growth at 19.1%.
Rocket Companies (NYSE: RKT) has completed the acquisition of Mr. Cooper Group for $14.2 billion, marking the largest independent mortgage deal in history. The merger combines America's leading loan originator with the nation's largest mortgage servicer, creating a servicing portfolio of nearly 10 million homeowners.
As part of the strategic integration, Mr. Cooper's CEO Jay Bray will become President and CEO of Rocket Mortgage and join Rocket's board of directors. The deal follows Rocket's recent acquisition of Redfin, expanding the company's capabilities across the entire homeownership journey - from home search to financing, title, closing, and servicing.
Mr. Cooper's operations will be rebranded under the Rocket umbrella, leveraging Rocket's $500 million investment in data and AI technology to enhance customer experience and service delivery.
Rocket Companies (NYSE:RKT) announced the completion of its exchange offers and consent solicitations for Nationstar Mortgage Holdings' notes. The exchange offers achieved high participation rates with 98.41% of the 2029 Notes ($738.07M of $750M) and 95.53% of the 2032 Notes ($955.32M of $1B) being validly tendered.
The settlement is expected on October 1, 2025, concurrent with the Mr. Cooper Acquisition closing. Eligible holders who tendered before the Early Tender Date will receive a $2.50 cash payment per $1,000 principal amount. The new Rocket Notes will maintain identical interest rates, maturity dates, and optional redemption prices as the existing notes.
Rocket Companies (NYSE: RKT) announced the final results of its tender offers and consent solicitations for Nationstar Mortgage Holdings' outstanding notes. The tender offers expired on September 30, 2025, with high participation rates: 88.36% of 2030 Notes ($574.3M) and 89.29% of 2031 Notes ($535.8M) were validly tendered.
Early tender holders (before August 15, 2025) will receive $1,012.50 per $1,000 principal amount, while later participants will receive $962.50 per $1,000. Settlement is expected on October 1, 2025, concurrent with the Mr. Cooper Acquisition closing. The company received sufficient consents to amend the Indentures, eliminating change of control requirements and most restrictive covenants.
Redfin (NYSE:RKT) reports that U.S. starter-home sales increased 3.8% year-over-year in August 2025, marking the 12th consecutive month of growth, while mid- and high-priced home sales declined. The median starter home price reached $260,508, up 2.2% from the previous year, outpacing price growth in other tiers.
Starter-home inventory rose 16.4% year-over-year to the highest August level since 2016, with active listings growing more than other price tiers. Providence, RI led with a 25.3% increase in starter home sales, while San Antonio saw the largest decline at -10%. The typical starter home sold in 41 days, with approximately one-third of properties going under contract within two weeks.
Redfin (NYSE:RKT) reports that the proportion of U.S. homeowners with mortgage rates of 6% or higher reached 19.7% in Q2 2025, marking the highest level since 2015. The analysis reveals that 80.3% of mortgaged homeowners still have rates below 6%, down from 92.7% three years ago.
The share of mortgages with rates under 3% has decreased to 20.4% from a peak of 24.6% in Q1 2021. Despite the "lock-in effect" where homeowners remain hesitant to give up lower rates, market adaptation is occurring as life changes drive moving decisions. Current mortgage rates hover between 6-7%, with Redfin economists expecting this range to persist over the next 12 months.
The slight easing of the lock-in effect has contributed to increased housing inventory, returning to pre-pandemic levels in many regions. However, home sales haven't seen a significant uptick, with buyers awaiting more substantial rate decreases.
Redfin (NYSE:RKT) reports the first decline in pending U.S. home sales in nearly three months, dropping approximately 1% year-over-year for the four weeks ending September 21, 2025. Despite mortgage rates falling for nine consecutive weeks to 6.26%, the lowest level in nearly a year, homebuyer demand remains tepid.
The median U.S. home sale price increased 2.2% year-over-year to $390,750, marking the largest increase in nearly six months. While mortgage refinancing applications surged 58% week-over-week, purchase applications rose only 3%. The housing market faces challenges including high home prices, limited inventory with new listings remaining flat, and economic uncertainty affecting buyer confidence.
Redfin (NYSE:RKT) has released a comprehensive report detailing the most expensive U.S. home sales for August 2025. The top sale was a Beverly Hills estate previously owned by Rick Caruso, selling for $47.5 million. The second highest was a Greenwich, CT mansion at $43.5 million.
Florida dominated the list with four of the top 10 sales, despite climate risks and rising insurance costs. The remaining properties were distributed across California, Connecticut, Illinois, Hawaii, Nevada, and New York, all selling for over $25 million.
The report also highlighted 2025's most expensive sales to date, led by a Naples, FL beachfront compound at $133 million, followed by two Los Angeles properties each selling for $110 million.