New York, Jan 9, 2026, 06:22 EST — Premarket
Offerpad Solutions Inc (OPAD) shares jumped 36.8% in premarket trading on Friday to $2.08 after U.S. President Donald Trump announced a $200 billion mortgage bond-buying initiative aimed at pushing down home-loan rates. (Webull)
The plan would involve purchases of mortgage-backed securities, or MBS — bonds backed by home loans — using Fannie Mae and Freddie Mac, the government-backed mortgage giants, as Trump laid out the move on social media. Federal Housing Finance Agency Director Bill Pulte said the two firms would execute the buying and told Reuters they had “ample liquidity,” while hinting more housing measures were coming at Davos in a couple of weeks. Redfin’s head of economics research Chen Zhao called the likely impact on rates “fairly small” — about 10 to 15 basis points, or 0.10 to 0.15 percentage point. (Reuters)
The rate angle is landing on a day when markets are already keyed up on the U.S. nonfarm payrolls report due before the bell. Economists polled by Reuters see 60,000 jobs added in December and markets pricing roughly 60 basis points of Federal Reserve easing in 2026, according to LSEG. (Reuters)
Offerpad rose about 5% in Thursday’s regular session to close at $1.52, with roughly 13.0 million shares traded. The stock later hit $2.40 in after-hours trade, up about 58%, with after-hours volume of about 12.3 million shares, MarketWatch data showed. (ChartExchange)
Rival Opendoor Technologies was up about 12% after the close at $7.22, and mortgage lenders such as Rocket Companies and LoanDepot also climbed in late trading as investors chased anything tied to lower mortgage rates. (Public)
Offerpad, an “iBuyer” that buys homes directly from sellers and resells them, has traded between $0.91 and $6.35 over the past year and is down about 38% over that span. Its 50-day moving average sits around $1.79, a line the shares cleared in early trading. (Yahoo Finance)
But the move is built on headlines, not a timetable. AP quoted Redfin chief economist Daryl Fairweather saying the plan may not break the “mortgage rate lock-in” that keeps homeowners from selling, and warned that drawing down key reserves could leave Fannie and Freddie more exposed in a downturn. (AP News)
Traders now turn to the U.S. Employment Situation report for December at 8:30 a.m. ET for the next signal on rates and housing demand. Offerpad is expected to report earnings around Feb. 23, the next scheduled company catalyst. (Bureau of Labor Statistics)
