New York, Feb 27, 2026, 13:10 EST — Regular session
- Rocket Companies shares climbed in midday trading after the company reported quarterly results and announced a three-year listings partnership with Compass.
- Freddie Mac’s latest weekly reading on the 30-year fixed rate slipped under 6%, a level not seen since September 2022. Daily surveys, though, continue to register just over 6%.
- Next week’s U.S. jobs report and March’s Fed meeting are in focus for investors looking for the next move in bond yields and mortgage rates.
Rocket Companies’ shares climbed Friday, standing out in a shaky day for rate-sensitive stocks. The mortgage lender posted its quarterly results and announced a listings partnership with brokerage Compass.
This shift carries weight for lenders such as Rocket, which depend on transaction volume to stay afloat. Lower mortgage rates, if they stick around, might tempt sidelined buyers back into the market—and could revive portions of the refi business that have been largely dormant for years.
The timing lines up just before the spring selling season, a stretch where inventory tends to weigh as heavily as borrowing costs. Homeowners haven’t been rushing to list—most are stuck in what’s called a “rate-lock,” reluctant to move and swap their older, lower-rate mortgages for something pricier.
Shares of Rocket climbed 2.65% to $18.21. The stock started at $18.20 and traded between $17.46 and $18.48 over the session. markets.businessinsider.com
Rocket reported $2.69 billion in fourth-quarter total revenue, net, with GAAP net income landing at $68 million. Adjusted revenue came in at $2.44 billion. For the first quarter, the company is guiding for adjusted revenue within a range of $2.6 billion to $2.8 billion. Rocket Companies
The three-year partnership between the company and Compass will see Compass’s “Coming Soon” listings appear on Redfin first, followed by “Private Exclusive” properties. That move could bring more than 500,000 additional listings to Redfin’s site. Rocket CEO Varun Krishna commented, “When barriers are removed and supply grows, affordability improves.” Compass CEO Robert Reffkin added, “We believe listing agents should be connected directly with interested buyers.” Rocket Companies
This week, mortgage rates edged lower, giving the sector a lift. Freddie Mac’s latest survey put the 30-year fixed at 5.98%, slipping from last week’s 6.01%—the lowest mark since September 2022. A year ago, that number stood at 6.76%. “More supportive economic data is needed to establish a consistent trend,” said Realtor.com economist Jiayi Xu. Reuters
Daily trackers tell a slightly different story. Bankrate reported the average 30-year fixed mortgage rate at 6.04% on Friday, marking a 20 basis point drop from the previous week — with one basis point equal to 0.01 percentage point. “The Federal Reserve is indicating a cautious approach to reducing rates in 2026,” Selma Hepp, chief economist at Cotality, said in comments shared by Bankrate. Bankrate
Reaction among peers was uneven. United Wholesale Mortgage slipped around 2.2% to $4.45 during the afternoon, according to Barchart. Barchart.com
Still, a single strong week for rates doesn’t make a trend. Treasury yields can swing the other way in a hurry, and economists continue to caution: cheaper borrowing by itself won’t resolve the years-long inventory crunch. Rocket is betting on its Compass-Redfin partnership, touting fresh listings and buyer leads—but those have yet to translate into actual closed loans.
Investors are eyeing the U.S. Employment Situation report for February, due March 6, followed by the Federal Reserve’s meeting set for March 17-18. Both could offer signals on where rates—and mortgage costs—are headed. Bureau of Labor Statistics
