Rocket returns to profitability, yields early benefits from Redfin deal
By: Flávia Furlan Nunes | Published: 2025-07-31 23:19:00 | Source: www.housingwire.com
“We mentioned a delayed spring homebuying season, and that’s exactly what played out,” Varun Krishna, CEO of Rocket Companies, told analysts on Thursday. “April was pretty abnormal; there was a lot of volatility. You had tariffs, rates dipping and climbing, consumer sentiment dropping. In general, affordability was a little bit challenged.”
Rocket’s total revenue for the quarter was $1.36 billion, up from $1.3 billion in the same period last year, while expenses increased from $1.1 billion to $1.3 billion.
Mortgage production rose to $29 billion from April to June, compared to $24.6 billion in the same period last year and $21.5 billion in the first quarter of 2025. The direct-to-consumer channel accounted for $14.1 billion, surpassing the $13.4 billion Rocket produced…
