The Fed might make fewer cuts in 2025. What does that mean for mortgage rates? [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
They may even inch up in the near term. Next year, rates may hover around the mid-6% range, only a slight decrease from their current levels. The Federal Reserve announced at the close of its December meeting that it would lower the federal funds rate by another 25 basis points. This cut was unsurprising to investors and is unlikely to have much of an impact on mortgage rates. But another piece of information that came out of the Fed's latest meeting could impact how much mortgage rates go down next year — if they drop at all. This meeting featured new economic projections, including the Fed's famed "dot plot," a chart showing where Fed policymakers think the federal funds rate will go in the future. In the previous set of economic projections, policymakers were anticipating four rate cuts in 2025. But in their December projections , they now only foresee two cuts next year. They also expect inflation to take longer to reach their 2% target. What fewer Fed cuts mean for mort
Show less
Read more
Impact Snapshot
Event Time:
RKT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RKT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RKT alerts
High impacting Rocket Companies, Inc. Class A news events
Weekly update
A roundup of the hottest topics
RKT
News
- Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway. [Business Insider]Business Insider
- Rocket Companies, Inc. (NYSE: RKT) had its price target lowered by analysts at Morgan Stanley from $16.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Today's Mortgage Rates | Rates Tick Up As Fed Signals Fewer Cuts in 2025 [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement [Business Insider]Business Insider
- Buying a home probably won't get much easier in 2025, says Fannie Mae. But it's not all bad news. [Business Insider]Business Insider
RKT
Earnings
- 11/12/24 - Miss
RKT
Sec Filings
- 12/16/24 - Form 8-K
- 12/3/24 - Form 8-K
- 11/14/24 - Form SC
- RKT's page on the SEC website