Rocket Companies Stock Falls 7% as Mortgage Rates Hit 3-Month High, Wiping Out Upgrade Rally

Rocket Companies dropped 6.8% Friday, closing out at $13.65 and trailing its mortgage-finance peers as Wall Street’s pullback hammered rate-sensitive names. UWM Holdings, MGIC Investment, and Radian Group posted losses too, though none slid as steeply.

Mortgage rates today slip back into the 5s as Treasuries firm; Rocket Mortgage stock slides

Mortgage rates today slip back into the 5s as Treasuries firm; Rocket Mortgage stock slides

Mortgage rates slid back into the 5% territory as the average top-tier 30-year fixed dropped to 5.99%, down roughly 5 basis points from Friday, according to Mortgage News Daily. Matthew Graham, the publication’s author, noted there’s “no new news causing the improvement,” but flagged the risk that lenders may reprice swiftly if bonds head the other way.
23 February 2026

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
View full portfolio
Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.