New York, Jan 5, 2026, 08:43 EST — Premarket
- Opendoor shares up about 0.5% premarket after a 4.1% rise on Friday
- Mortgage rates near 6.3% keep housing-sensitive stocks tethered to rate expectations
- Traders eye the ISM manufacturing survey Monday and U.S. payrolls on Friday
Opendoor Technologies Inc shares rose about 0.5% to $6.10 in premarket trading on Monday, extending Friday’s 4.1% gain. The stock closed at $6.07 in the first U.S. trading session of 2026 after moving between $5.85 and $6.15, with roughly 38 million shares traded.
The setup matters because Opendoor’s business is tightly linked to borrowing costs. The company is an “iBuyer,” meaning it makes cash offers to buy homes, then resells them, a model that typically works best when housing turnover is healthy.
Mortgage rates remain elevated even after easing from prior peaks. The national average 30-year fixed mortgage APR stood at 6.26% on Monday, according to Bankrate’s lender survey, keeping affordability pressure in focus for investors in housing-linked stocks.
That puts Monday’s U.S. data calendar at the top of the tape, starting with the ISM manufacturing PMI at 10 a.m. ET — a survey-based gauge of factory activity — and culminating in Friday’s nonfarm payrolls report. Economists Michael Gregory and Shelly Kaushik at BMO Capital Markets expect about 50,000 new jobs and an unemployment rate of 4.6%, while colleague Sal Guatieri said, “The direction of the economy and labor market in 2026 will largely depend on productivity and AI’s influence on it.” Kiplinger
For Opendoor, the link runs through yields and mortgages: stronger data can lift bond yields and slow the decline in mortgage rates, while weaker readings can pull yields down and revive hopes for easier financial conditions.
Investors have also treated Opendoor as a high-beta housing proxy, with price swings often outpacing the broader market. That can amplify moves around macro releases even when there is no company-specific catalyst.
Technically, traders are watching whether the stock can hold above $6 and retest last session’s $6.15 high, after buyers stepped in near $5.85 on Friday. A clean break either way could set the tone into the cash open.
But premarket trading can be thin, and early gains can reverse quickly if the day’s data pushes rate expectations in the opposite direction. Any sign that mortgage rates are sticking above current levels risks prolonging the housing slowdown that pressures transaction volumes.
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