New York, February 2, 2026, 10:47 (EST) — Regular session
- Opendoor shares dipped roughly 1.6%, hitting $5.07 in early trading.
- After the Fed paused on interest rates, mortgage rates dipped slightly, though the 30-year fixed remains just over 6%.
- Opendoor’s quarterly report and video event on Feb. 19 will be the next key focus for investors.
Opendoor Technologies shares slipped 1.6% to $5.07 in Monday’s morning session, down from a Friday close of $5.15. The stock fluctuated between $4.97 and $5.11, with around 11.7 million shares traded.
The broader market remained unsettled as the pullback unfolded. The Dow climbed, but the Nasdaq slipped after CME Group boosted margin requirements on precious metals. Investors also weighed President Donald Trump’s pick of Kevin Warsh to head the Federal Reserve. (Reuters)
For Opendoor, the immediate focus remains on interest rates. Changes in how the market prices mortgage costs often trigger swift moves in housing-related stocks—even when there’s no fresh company news.
National mortgage rates edged mostly lower from last week, with the average 30-year fixed rate holding at 6.16%, according to Bankrate. Anthony Kellum of Kellum Mortgage said, “I don’t believe the data is compelling enough to prompt an immediate shift in policy.” The Mortgage Bankers Association expects rates to remain between 6% and 6.5%. Its chief economist, Mike Fratantoni, added that the Fed meeting “does not change our forecast for mortgage rates.” (Bankrate)
Economic data kept attention focused. The Institute for Supply Management reported its January manufacturing PMI climbed to 52.6, marking its first reading above 50 in a year—a sign of expansion. (Reuters)
Opendoor operates an e-commerce platform focused on residential real estate. The company purchases homes straight from sellers and flips them, following an “iBuyer” approach. It also provides listing and marketplace services. (Reuters)
Shares of other housing-related firms edged higher: Rocket Companies jumped 5.4%, while Zillow Group climbed roughly 1.1% in early trading.
Opendoor’s next major event is set for Feb. 19, when it will release its fourth-quarter and full-year 2025 results. Instead of a standard earnings call, management plans a “Financial Open House” livestream that will feature a live Q&A session for shareholders using Robinhood’s Say Technologies platform. (GlobeNewswire)
Investors are focused on whether the company can turn inventory fast with spring right around the corner, and if funding costs stay below resale price growth. For Opendoor, it’s the mechanics — turns, spreads, cash flow — that usually dictate the tape.
But the model can become more restrictive if homes linger on the market. In its annual filing, the company reported holding roughly $1.9 billion in non-recourse asset-backed loans as of Dec. 31, 2024. It also noted that borrowing capacity against a property may drop after about six months in inventory and could hit zero after 12 months under certain loan agreements. (SEC)
Opendoor’s stock has climbed roughly 13% so far this year, based on the latest figures. (Yahoo Finance)
Opendoor’s next key date is Feb. 19, when it releases earnings and holds a video event. This will be the company’s first chance this quarter to present a full picture of demand, inventory, and financing in a single update.
