CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to “cross pollination” of leads, agent referrals and mortgage applications. Continue reading
With closure of merger, homebuyers get temporary rate buydown or up to $6,000 in lender credits from Rocket Mortgage when the buyer or seller is represented by a Redfin agent. Continue reading
By handling every aspect of homebuying and selling, from search to financing to title and closing — Rocket aims to cut transaction costs on the median priced home in half, from $40,000 to $20,000. Continue reading
Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading
Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading