Rocket Companies (RKT) Plunges 7.91% Amid Rising Bond Yields

Rocket Companies (RKT) shares rose 0.17% today, marking the lowest level since January 2025, with an intraday decline of 7.91%.

Rocket Companies' stock price has been influenced by several key factors recently. One significant factor is the rising bond yields, which have a negative impact on lending companies like Rocket Companies. These companies rely heavily on home buyers and mortgages, and higher interest rates can deter potential borrowers, thereby affecting the company's profitability.

Additionally, Rocket Companies has recently acquired Mr. Cooper in a $9.4 billion deal. This acquisition is expected to have significant implications for the company's market position and financial performance. The deal could potentially expand Rocket Companies' market share and enhance its competitive edge in the housing finance sector.