Home Depot stock jumps as mortgage-rate plan jolts housing trade ahead of CPI week
Home Depot shares jumped 4.2% to $374.64 Friday after President Trump ordered $200 billion in mortgage-backed securities purchases, sending the 30-year fixed mortgage rate below 6% for the first time in three years. Lowe’s rose 4.3%. The S&P 500 gained 0.65%. Home Depot reports fourth-quarter results February 24.