UWMC stock jumps on Trump’s $200 billion mortgage-bond order as traders hunt for proof rates will fall
UWM Holdings shares surged 14% to $5.36 Friday after President Trump ordered $200 billion in mortgage-bond purchases to lower borrowing costs. Over 22 million shares traded. CEO Mat Ishbia’s SFS Holding sold nearly 1.9 million shares earlier in the week at $4.43–$4.70. Investors await inflation and mortgage-rate data for further direction.