New York, January 13, 2026, 09:09 EST — Premarket update
- Opendoor shares slipped 3.5% in premarket trading following Monday’s close.
- U.S. inflation figures held focus on the Federal Reserve and what’s next for mortgage rates.
- Traders are eyeing the Fed’s Jan. 27-28 meeting alongside Opendoor’s upcoming quarterly report.
Opendoor Technologies shares slipped 3.5% to $7.02 in premarket Tuesday, deepening the slide before the open.
Why it matters now: Opendoor’s performance hinges on housing demand and financing conditions, with its stock often reflecting changes in rate expectations. Investors look to inflation data to anticipate the Fed’s next move—and the potential impact on mortgage rates and home sales.
U.S. consumer prices climbed as anticipated in December, leaving markets fixed on the Fed’s likely decision to keep rates steady at 3.50%-3.75% during its Jan. 27-28 meeting. Core CPI, which excludes food and energy, ticked up 0.2% last month, pushing annual core inflation to 2.6%, according to Reuters. Fed Chair Jerome Powell dismissed a Trump administration criminal probe into him as a “pretext” aimed at swaying monetary policy. (Reuters)
Following the data release, traders increased wagers on an earlier Fed rate cut, now assigning roughly a 42% probability of a move in April, compared to 38% prior to the report, Reuters noted. (Reuters)
Opendoor’s approach is simple: buy homes, hold them for a short period, then flip them. This strategy works well when buyers are active and financing is accessible, but it faces pressure if borrowing costs remain elevated or home prices drop.
Opendoor’s rate sensitivity has aligned it with other housing-related stocks, like mortgage lenders and homebuilders, whenever macro news shifts forecasts for mortgage rates.
Yet the situation is double-edged. Should inflation remain stubborn or policy uncertainty keep long-term yields high, mortgage rates might not drop enough to boost transactions. At the same time, the company’s heavy inventory stance could magnify losses if home prices weaken.
Opendoor announced last month that Christy Schwartz will become chief financial officer starting Jan. 1, following her stint as interim CFO. (Opendoor)
Investors are now eyeing the Fed’s meeting scheduled for late January and Opendoor’s upcoming earnings, set for Feb. 26 on Wall Street calendars. (Zacks)
