NEW YORK, January 20, 2026, 12:24 PM ET — Regular session
- Shares of Rocket Companies dropped roughly 3% amid rising U.S. yields and a sell-off in rate-sensitive stocks.
- Mortgage lenders have adjusted sharply as bets on the direction of home-loan rates continue to shift.
- Investors are keeping an eye on Treasury activity and new mortgage rate reports due later this week.
Rocket Companies, Inc. shares dropped 3.3% to $22.47 by midday Tuesday, erasing part of their monthly advance. Rising U.S. bond yields put pressure on housing-related stocks.
Detroit-based mortgage lender faces sharp sensitivity to interest rates. Even slight shifts in home-loan costs can swiftly alter refinancing demand and homebuying activity. As rates climb, potential borrowers tend to hold back, leading to thinner volumes for lenders.
The stock’s slide mirrored a wider risk-off mood. By 11:18 a.m. ET, the Dow had dropped 1.16%, the S&P 500 lost 1.15%, and the Nasdaq slipped 1.34%, as investors absorbed new U.S. tariff threats linked to tensions over Greenland. Jeff Buchbinder, chief equity strategist at LPL Financial, said he expects markets to “settle down” and treat the tough talk as part of bargaining. (Reuters)
Bond markets moved swiftly. Long-dated U.S. yields soared following a global selloff Reuters attributed to rising Japanese yields and fresh concerns over fiscal pressures. Seema Shah, chief global strategist at Principal Asset Management, dubbed it a “difficult story about debt.” Kenneth Broux from Societe Generale called the Treasury market’s plight a “perfect storm.” (Reuters)
Home-loan rates, which have lingered near multi-year lows, are nudging upward alongside rising yields. The 30-year fixed-rate mortgage hit an average of 6.06% as of January 15, per Freddie Mac’s weekly survey. Meanwhile, NerdWallet reported Tuesday’s rates inching up to roughly 6.1%. (Freddie Mac)
Rocket has stood out as a marker for hopes that 2026 could see a more lasting housing recovery if interest rates continue to drop. Earlier this month, the company’s shares surged 6.6% amid a broader sector rally following President Donald Trump’s directive to buy $200 billion in mortgage bonds — these are securities tied to home loans — intended to lower borrowing costs. “Every little bit will help push mortgage yields lower,” Brian Jacobsen, chief economic strategist at Annex Wealth Management, told Reuters then. (Reuters)
The housing picture is still uneven. Redfin reported on January 20 that in December, home sellers outpaced buyers by a record margin, signaling a rise in inventory despite ongoing affordability challenges. (Redfin)
On Tuesday, other mortgage lenders tumbled with Rocket. UWM Holdings dropped roughly 5.9%, while loanDepot plunged about 11.4% during midday trading.
Homebuilder news is stirring the rate discussion. D.R. Horton beat quarterly estimates but flagged potential margin dips due to rising incentives. RBC analysts highlighted margin pressure and weaker orders as looming concerns. (Reuters)
The near-term outlook for Rocket hasn’t changed: rising Treasury yields push mortgage rates up, which slows refinancing and could quickly derail any expected jump in originations. A more stable bond market would work in the opposite direction.
Traders will be eyeing Thursday’s Freddie Mac mortgage-rate update closely, looking to see if the bond market calms down after this week’s wild swings — moves that often shake up rate-sensitive names like Rocket even before any company-specific announcements emerge.
