Mortgage Interest Rates Today, April 17, 2024 | Rates Surpass 7% [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
Last week, mortgage rates climbed to levels not seen since November 2023 after the latest Consumer Price Index report showed that inflation was hotter than expected in March. Rates climbed again this week after the release of data showing that the pace of retail sales growth also increased more than expected. Both reports dashed hopes that the Federal Reserve may soon start reducing the federal funds rate. While the Fed doesn't set mortgage rates, changes in the federal funds rate do influence mortgage lenders' decisions on how much interest to charge on loans. Prior to last week's CPI report, forecasters had generally expected the Fed to start cutting rates as early as June. That timeline is now less clear, with some even predicting no rate cut at all in 2024 As the spring homebuying season ramps up, high rates will keep many would-be buyers out of the market and shrink affordability for those who remain. If you're hoping to buy a house this year, you may need to rethink your
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- Ahead of Rocket Companies (RKT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, April 28, 2024 | Rates Tick Up Following Inflation Report [Business Insider]Business Insider
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- Rocket Companies Introduces Rocket Logic - Synopsis AI Tool to Analyze and Transcribe Calls, Personalizing Client InteractionsPR Newswire
- Mortgage Interest Rates Today, April 23, 2024 | Rates Hold Steady, but They Could Move Later This Week [Business Insider]Business Insider
RKT
Earnings
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RKT
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- RKT's page on the SEC website