House Hunters Stayed on Sidelines As Rates Dipped Below 6%, Iran War Adds to Market Uncertainty
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Redfin reports high prices and economic uncertainty kept demand muted; now, rates are already rising again and global tensions could add to homebuyer hesitation SEATTLE--(BUSINESS WIRE)--The median monthly housing payment was $2,591 during the four weeks ending March 1, down 2.8% year over year, according to a new report from Redfin, the real estate brokerage powered by Rocket.Payments are falling largely thanks to the weekly average mortgage rate dropping to 5.98% last week, down from 6.76% a year earlier and the first time it has dipped below 6% in three and a half years. (The daily average mortgage has risen from 5.99% last week to 6.07% on March 4.) On the other side of the housing payment equation, the median home-sale price rose 1% year over year to $381,750.Prices are rising because despite slow homebuying demand, inventory is declining. Pending home sales fell 2.8% year over year. Meanwhile, new listings declined 1.2% and the total number of homes for sale dropped 1.9%, the
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- 2/26/26 - Beat
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Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 3/2/26 - Form 10-K
- RKT's page on the SEC website