Home Depot stock jumps nearly 4% as Trump’s mortgage-bond order lifts housing plays
Home Depot shares rose 4.1% to $374.25 midday Friday after President Trump ordered Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities. Lowe’s gained 3.7%. Redfin economist Chen Zhao estimated the move would lower mortgage rates by 0.10 to 0.15 percentage point. Home Depot reports fourth-quarter results Feb. 24.