30-year fixed
6.65%
▼ 2 basis points
Freddie Mac, August 20, 2026
Mortgage Rates Edge Lower; Rocket’s Refi Gamble Faces $5 Challenge
U.S. mortgage rates eased for a second straight week, though had little effect on borrowing costs. The average 30-year fixed mortgage rate dropped by two basis points to 6.65%.
Mortgage rates · NYSE: RKT
Two basis points. Just $5.30 monthly.
Mortgage rates fell again, but the borrower saving remains too small to unlock broad refinancing. Rocket's $2 trillion servicing book preserves the upside if rates move farther.
$400K payment
$2,567.86
$5.30 less monthly
Principal and interest only
RKT premarket
$14.00
▲ 0.50%
August 24, 2026, 08:01 EDT
Consensus upside
26.4%
Average target $17.70 · 17 analysts
Mortgage-rate path: relief, but not a breakout
Weekly Freddie Mac averages through August 20, 2026. The rate is still 22 basis points above July 2.
Why Rocket barely moved
A two-basis-point dip changes a $400,000 payment by only $5.30. That is insufficient for many owners to refinance.
Demand signal
Refinance applications rose 2% weekly but stayed 18% below last year.
Optionality
Rocket services $2.0 trillion across 9.1 million loans.
Threshold
A move toward 6.5% would produce a clearer volume test.
Application pulse
Refinance share
41.9% of applications
Refinance index
+2%
−18% year over year
Purchase index
−2%
−3% year over year
MBA survey, week ended August 14, 2026.
Five-session housing tape
August 17 close to August 21 close. Lenders lagged the homebuilders.
Rocket operating leverage
| Metric | Q2 2026 | Investor signal |
|---|---|---|
| Closed mortgage volume | $49.1B | Scale amplifies volume shifts |
| Refinance market share | 14.3% | Record level |
| Servicing portfolio | $2.0T | 9.1 million recapture opportunities |
| Adjusted EBITDA | $766M | Most profitable quarter in four years |
| Total liquidity | $11.2B | Balance-sheet flexibility |
Analyst recommendations
| Firm | Rating | Target | Latest action | Upside from $14.00 |
|---|---|---|---|---|
| RBC Capital | Sector Perform | $16 | Raised Aug. 12 | 14.3% |
| Keefe, Bruyette & Woods | Outperform | $19 | Cut Aug. 10 | 35.7% |
| JPMorgan | Neutral | $14 | Cut Aug. 7 | 0.0% |
| Benchmark | Buy | $19 | Cut Aug. 7 | 35.7% |
| Stephens | Overweight | $20 | Cut Aug. 7 | 42.9% |
Bull case
A larger rate decline activates Rocket's 9.1-million-loan servicing base. Record refinance share could convert that demand into outsized volume.
Risks
Treasury yields may reverse. Servicing assets can lose value as prepayments rise, integration costs remain, and the first premarket quote may not hold.
Rocket Companies Stock Falls 3.5% as Mortgage-Rate Relief Stays Thin
Rocket Companies, Inc. fell 3.52% on Tuesday even after mortgage rates edged lower. The shares closed at $13.99 and underperformed the Nasdaq Composite's 1.33% decline. It was Rocket's third consecutive loss.
NYSE:RKT · Investor dashboard
Rocket Companies
Market data: August 18, 2026, 4:00 p.m. EDT close. Mortgage rates: Freddie Mac week ended August 13, 2026. Financials: quarter ended June 30, 2026.
$13.99
▼ 3.52% Tuesday
Third consecutive decline
30-year mortgage
6.67%
−2 bps WoW · +9 bps YoY
Q2 closed volume
$49.1B
+9.8% QoQ
Refinance share
14.3%
Record · 12.2% in Q4'25
Analyst target
$19.87
+42.0% vs Tuesday close
Daily performance: mortgage complexAug. 18 close
RKT lagged every selected peerNasdaq: −1.33%
Analyst stance19 analysts
Consensus: Moderate Buy
$14 low · $25 high
$14 low · $25 high
Operating momentumQ2 vs Q1 2026
Adjusted EBITDA$766M+3.8%
Total liquidity$11.2B+19.1%
Total revenue$2.78B−5.5%
Gain-on-sale margin2.48%−26 bps
Rate reality$300K / 30 years
What matters nextCatalyst
A two-basis-point weekly decline saves only about $4 a month on a $300,000 loan. A deeper move toward February's 5.98% level would materially improve refinance economics across Rocket's 9.1 million-loan servicing base.
Risk monitorDownside
Higher Treasury yields can reverse the mortgage-rate dip. Redfin and Mr. Cooper integration raises execution risk. Aggressive pricing can compress gain-on-sale margins, while lower rates can reduce mortgage-servicing-right values even as originations improve.
Sources: MarketWatch/FactSet; Freddie Mac via AP; Rocket Q2 results; Rocket Q1 results; MarketBeat ratings. Percent changes and payment figures are calculated from cited data; rounding may apply.
Rocket Shares Decline After Seven-Basis-Point Rate Dip Fails to Ignite Refinancing Wave
Rocket Companies traded lower on Monday, despite a decrease in mortgage rates. Shares were at $14.37, down 2.58%, as of 14:42 EDT. The move highlights a disconnect. Market participants are welcoming lower rates as relief, while seeing limited impact for refinancing activity.
Rocket Shares Decline 2.6% While 7-Basis-Point Rate Dip Only Cuts Payments by $16 Monthly
Rocket Companies, Inc. shares declined 2.6% on Monday as the average 30-year mortgage rate slipped by seven basis points. This adjustment lowered the monthly principal-and-interest payment by approximately $16 on a $350,000 mortgage. Such a small reduction accounts for why softer rates have yet to boost housing demand.
Rocket Stock (RKT) Gains as Mortgage Rates Fall; Revenue Forecast Lowered by 6%
Rocket Companies, Inc. stock inched up ahead of Thursday’s market open, following a drop in mortgage rates to their lowest in three weeks. The decline brought limited relief to borrowers. However, the benefit is modest compared to Rocket’s projected revenue adjustment.
Rocket stock (RKT) climbs as CPI slowdown eases mortgage costs, saving $16 a month on $400,000 loan
NEW YORK, August 12, 2026, 09:06 EDT – Rocket stock advanced after a softer U.S. Consumer Price Index reading led to lower interest rates, cutting monthly payments on a $400,000 mortgage by $16.
Rocket Companies (NYSE:RKT) Shares Recover to $13.72 After Servicing Deal Maintains Refinance Potential
U.S. cash markets did not open on Saturday. Shares of Rocket Companies closed at $13.72 on Friday, an increase of 3.8% for the session. The stock was up 6.4% over the week. The most notable investor development in the report was a $795 million cash sale of servicing rights.
Rocket Companies shares drop while record mortgage share coincides with a lower-margin product mix
Rocket Companies, Inc. dropped by a further 2.7% in after-hours trading on Thursday, following a mixed performance in its second-quarter earnings update. The stock had already declined 4.6% during the regular session, closing at $13.22.
U.S. Premarket Opens; Normal Trading Set for 09:30 EDT as Second-Home Mortgages Climb 4.1% with Wealthier Buyers Returning, Though Activity Stays 65% Under Record High
Redfin data indicated that U.S. second-home mortgage originations climbed 4.1% in 2025, marking their first yearly gain in four years. Rocket Companies has held ownership of Redfin since July 2025.
Rocket Companies climbs as $2.1 trillion servicing book draws focus amid mortgage slump
Rocket shares advanced Wednesday even as mortgage demand hit a one-year low. The divergence sharpened attention on Rocket’s enlarged servicing franchise.
Rocket Companies gains time with credit reset amid impact of mortgage rates
Rocket Companies, Inc. ended Monday’s session down 3.8% at $13.99. At the time of reporting, U.S. trading had finished for the day. The stock was still trading 0.6% higher than its July 13 close.
US mortgage refi window stuck closed as wide spread, not Fed cut, keeps rates high
U.S. mortgage rates fell again, which could boost homebuilder traffic but isn’t helping mortgage-banking volume much. The 30-year fixed rate is down, but refinance incentives are still weak for Rocket Companies, UWM Holdings and other lenders waiting for lower coupons to drive borrower demand.
Rocket Companies (NYSE:RKT) drops as housing-bill bump loses steam against rate headwinds
Rocket Companies Inc fell Thursday. Turnover jumped, with about 93 million shares changing hands between Wednesday and the latest Thursday data. That’s roughly 3.6 times the 50-day average daily volume, according to MarketWatch.
Mortgage refi applications jump even as U.S. homebuyer demand stays soft, supply up
U.S. mortgage numbers are confusing markets. Homeowners remain fast to tap refinancing on any rate pullback, but new buyers are staying on the sidelines, so builders’ inventory is not moving.
Rocket Companies stock pops with mortgage applications up, Redfin sees home prices steady
Rocket Companies jumped 13.5% to $15.29 late Wednesday morning, outpacing other mortgage lenders after new data pointed to a bump in U.S. home-loan demand. UWM Holdings added 4.4%. loanDepot moved up 7.9%. Rocket started the session at $13.90 and reached $15.36 at its high.
Mortgage rates hit lowest in a month as Iran framework eases Treasury yields
Mortgage rates in the U.S. dropped to the lowest in over a month as a preliminary U.S.-Iran agreement took some heat out of Treasury markets. That move gave buyers a bit of breathing room.
Rocket Companies shares gain ahead of holiday pause as mortgage rate bets linger
Rocket Companies shares climbed 9.08% on Thursday to end at $14.42, their highest single-day gain this week. Trading volume hit around 52.8 million shares. The jump sends Rocket into the long U.S. holiday weekend with momentum, as the New York Stock Exchange closes Friday for Juneteenth. Thursday’s finish stands as the last regular close.
Mortgage Rates Fall but Buyers Still Face Pressure
U.S. mortgage rates ticked down after hitting a nine-month high, giving homebuyers some relief, but daily measures still show rates holding in the mid-6% area as markets weighed solid jobs numbers and new Middle East tensions. Freddie Mac reported the average 30-year fixed mortgage at 6.48% for the week ended June 4, down from 6.53% the prior week. Chief economist Sam Khater said affordability is “marginally improving.”
Mortgage Rates Today: 30-Year Rate Climbs to 6.64% as Rocket, UWM and loanDepot Stock Prices Slip
Mortgage rates in the U.S. continued their climb on Friday—Mortgage News Daily pegged the average 30-year fixed at 6.64%, ticking up 2 basis points from Thursday and marking the highest level in eight months. Just a day before, Freddie Mac had reported its own weekly 30-year fixed average reaching 6.38%, the loftiest since early September.
Mortgage Rates Today Hit 6-Month High at 6.38% as Housing Stocks Slip
The average rate on a 30-year fixed mortgage in the U.S. hit 6.38% on Thursday, marking a new peak since early September and stretching its upswing to a fourth straight week. The increase comes as the spring home-buying season begins.
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