New York, Jan 10, 2026, 08:04 EST — Market closed.
Shares of UWM Holdings Corp (UWMC) surged 13.7% on Friday, pushing higher after President Donald Trump announced a $200 billion buy of mortgage bonds. The stock closed at $5.36. (Reuters)
This shift is significant. A slight dip in mortgage rates can trigger refinancing and lure buyers back, boosting loan volume for originators. UWM’s results typically reflect this rate-sensitive demand, often with sudden changes.
Treasury Secretary Scott Bessent explained the bond purchases aim to counterbalance the Federal Reserve’s monthly runoff of mortgage-backed securities, or MBS — packages of home loans sold to investors. “The idea is to roughly match the Fed,” he told Reuters. The program began with an initial $3 billion purchase, according to FHFA director William Pulte. (Reuters)
Mortgage and housing stocks rallied together on Friday, with loanDepot and Rocket Companies posting sharp gains alongside rising homebuilders. TD Cowen analysts said the plan might tighten the spread between 30-year mortgage rates and Treasury yields. Annex Wealth’s Brian Jacobsen noted that “every little bit will help push mortgage yields lower,” but added it could also boost demand in a supply-constrained market. (Reuters)
In a separate move, a Form 25 filed Thursday reveals the New York Stock Exchange is delisting UWM’s NYSE-listed warrants—these give holders the option to buy stock at a fixed price. According to the filing, each warrant can be exercised for one Class A share at $11.50.
Shares fluctuated between $4.95 and $5.47 on Friday, up from a close of $4.71 the previous day, according to Yahoo Finance data. MarketWatch shows the stock’s 52-week range at $3.80 to $7.14, so the recent gains haven’t yet reached last year’s peak. (Yahoo Finance)
UWM is still waiting to move forward on its $1.3 billion all-stock acquisition of Two Harbors Investment, announced last December. The deal aims to grow its mortgage servicing reach. Both firms are aiming to close the transaction in the second quarter of 2026, pending regulatory approvals. (Reuters)
The policy push comes with risks: investors still lack a clear timeline for the entire $200 billion program, and the appeal of lower rates could vanish quickly if Treasury yields climb. TD Cowen analyst Jaret Seiberg remarked the move “does not sound like a President who is in a rush to IPO” the government-backed mortgage giants, adding to the uncertainty about how far Washington will rely on them. (Reuters)
Markets are closed over the weekend as traders turn their focus to Monday for new insights from the FHFA regarding purchase volumes and potential impacts on mortgage-rate quotes. The Federal Reserve’s upcoming policy meeting is set for Jan. 27-28. UWM’s next earnings report is penciled in for late February, although the company hasn’t officially announced a date. (Federal Reserve)
Tuesday’s U.S. consumer price index report might shift rate expectations, a crucial factor for mortgage stocks following last Friday’s jump. (Bureau of Labor Statistics)
