New York, January 10, 2026, 21:10 EST — Market closed.
- Tri Pointe Homes shares ended Friday up 8.7% at $35.42, their biggest one-day move in months
- Homebuilder stocks climbed after a White House push into mortgage-backed bond purchases aimed at lowering mortgage costs
- Traders now look to Tuesday’s U.S. CPI report for the next swing in rates and housing demand
Tri Pointe Homes shares jumped 8.68% to close at $35.42 on Friday, capping a sharp session for U.S. homebuilders as rate-sensitive stocks caught a bid ahead of the weekend. 1
The rally followed President Donald Trump’s order for his representatives to buy $200 billion in mortgage-backed securities — bundles of home loans sold to investors — in a bid to push mortgage rates down, Reuters reported. Redfin’s head of economics research Chen Zhao said the move could trim borrowing costs by “10 to 15 basis points,” or a tenth to 0.15 percentage point. 2
That matters right now because mortgage rates are still the throttle for demand. Freddie Mac’s weekly survey showed the average 30-year fixed-rate mortgage at 6.16% as of Jan. 8 — high enough to keep many buyers cautious, and low enough that any fresh drop can pull people off the sidelines. 3
Tri Pointe’s move tracked the group. D.R. Horton rose 7.8% on Friday, Lennar gained 8.9%, and PulteGroup added 7.3%, while the iShares U.S. Home Construction ETF climbed 6.2%.
Tri Pointe builds single-family homes across regions that include states such as California, Texas and Florida, and it also runs financial services tied to home sales, including mortgage and title work. 4
Not everyone is chasing the move. RBC adjusted its Tri Pointe price target to $31 from $37 and kept a Sector Perform rating, MT Newswires reported, putting its target below Friday’s close.
There is another risk: the policy path is still muddy. “If the GSEs … can serve as a funding arm for Presidential policy, we shouldn’t ever expect them to be re-privatized again,” JonesTrading analyst Mike O’Rourke said in a note, flagging broader uncertainty around the mortgage-finance system. 5
For Tri Pointe and its peers, the near-term test is simple. If the mortgage-bond plan keeps long-term rates sliding, builders may lean less on buyer incentives; if rates back up, the trade can unwind fast.
Monday’s open will show whether Friday’s push was one-day positioning or the start of a new run in homebuilders. Rate screens will matter more than homebuilding headlines.
The next hard catalyst comes Tuesday: the U.S. Labor Department’s consumer price index for December is due Jan. 13 at 8:30 a.m. ET, a release that can move Treasury yields — and mortgage rates — in minutes.
