Opendoor Technologies (OPEN) Stock Price Rebounds After Selloff as Mortgage Rates Rise Again
Opendoor shares rose 2.4% to $4.96 Friday morning, rebounding after a previous drop. The move came as mortgage rates climbed to 6.11% and single-family housing starts fell 2.8% in January. Opendoor reported a $1.096 billion net loss last quarter but increased home purchases and faster sales. Senate passed a housing bill Thursday, but it awaits House approval.