10:10 AM EDT, 07/01/2025 (MT Newswires) -- Rocket (RKT) said Tuesday it completed its acquisition of Redfin (RDFN).

The companies introduced "Rocket Preferred Pricing," offering qualified clients a one percentage point interest rate reduction for the first year or a lender credit of up to $6,000 when financing through Rocket Mortgage and buying with a Redfin agent.

To streamline the homebuying experience, Redfin has adopted the new brand "Redfin Powered by Rocket," with the companies planning to roll out additional offerings for homebuyers, real estate agents, and mortgage brokers in the coming months.

Rocket said it also simplified its corporate structure by collapsing its Up-C framework, eliminating its dual-class voting structure, and reducing its stock classes from four to two, aiming to improve equity liquidity and acquisition flexibility.

Shares of Rocket were up 2.6% in recent trading.

Price: 14.56, Change: +0.38, Percent Change: +2.64