R
ocket Companies and Redfin are introducing a new pricing program for clients as part of their July 1 announcement. The $1.75 billion acquisition, completed on Tuesday, brings together the nation's largest mortgage lender with the tech-enabled Seattle real estate brokerage. Buyers who use a Redfin agent can choose between a 1% lower interest rate for the first year or up to $6,000 in lender credits from Rocket Mortgage.

    The pricing model is also available to buyers of Redfin-listed homes financed through Rocket Mortgage. Redfin's CEO Glenn Kelman said the partnership aims to create a one-stop-shop for homeownership with AI-powered services and additional products planned for release in the coming months.

    Redfin has updated its website branding to "Powered by Rocket," reflecting the new partnership. The companies' combined offerings will compete with other fintech providers, including auto loans and mortgage lending products.