Rocket Companies, Inc. (RKT) Stock Falls Again as Mortgage Rates Climb Back Above 6%
Rocket Companies shares fell 3.7% to $14.58 Thursday as mortgage rates climbed above 6% and a broader Wall Street selloff hit housing stocks. The average 30-year fixed mortgage rate rose to 6.11%, according to Freddie Mac. Redfin reported a slight uptick in new U.S. listings, but only 9.1% of eligible borrowers have refinanced despite potential savings. Rocket forecast first-quarter revenue of $2.6–$2.8 billion.