Rocket Companies (RKT) pulls back as Fed outlook dents mortgage lenders

Rocket Companies shares lost close to 6% late Wednesday, dragged down by higher rates pinching mortgage lenders and a new analyst downgrade casting doubt on any quick upside for the stock.

Mortgage rates today: 30-year nudges higher as Rocket, UWM stocks slide on oil-driven yield jitters

Mortgage rates today: 30-year nudges higher as Rocket, UWM stocks slide on oil-driven yield jitters

Mortgage rates edged up on Tuesday, with Mortgage News Daily putting the 30-year fixed at 6.15%, up from 6.12% the previous day—just a 3 basis point move. Rocket Companies slid 2.1% to $16.43. UWM Holdings dropped 2.2%, ending at $4.24. loanDepot lost 3.1% to close at $1.86. Homebuilder ETFs ITB and XHB also slipped, down roughly 1.5% and 1.7%, respectively.

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