NEW YORK, Jan 9, 2026, 11:51 EST — Regular session
- Opendoor shares up about 20% in late morning trading on heavy volume
- Housing-linked stocks climb after Trump orders $200 billion mortgage-bond purchases
- Investors watch for details on the program, Davos housing proposals, and Opendoor’s next results
Opendoor Technologies Inc shares rose 20.5% to $7.75 in late morning trading on Friday, after swinging between $6.82 and $7.83. Volume topped 90 million shares, well above a typical day for the thinly profitable homebuying sector.
The rally tracked a broader move in housing-linked names after President Donald Trump said he was ordering his representatives to buy $200 billion in mortgage bonds, a step he said would push down mortgage rates and monthly payments. Mortgage-backed securities, or MBS, are bonds backed by pools of home loans; buying them can lift prices and nudge yields lower. Mortgage lender loanDepot surged 16%, Rocket Companies gained 6% and UWM Holdings was up 8%. “The biggest problem with housing is supply, not demand,” Brian Jacobsen, chief economic strategist at Annex Wealth Management, told Reuters. (Reuters)
For Opendoor, the link is direct. The company buys homes, fixes them up and resells them, a model that tends to work better when borrowing costs fall and buyers can qualify for mortgages more easily. When rates stay high, transactions slow and price swings can bite.
Still, the policy details remain thin. Federal Housing Finance Agency Director Bill Pulte said Fannie Mae and Freddie Mac would execute the purchases, while Redfin economist Chen Zhao told Reuters the plan would likely have a “fairly small impact” — about 10 to 15 basis points, or 0.10 to 0.15 percentage point — on mortgage rates. He added that rates have already slid from roughly 7% in early 2025 to the low 6s, with only a modest pickup in demand. (Reuters)
A separate, company-specific datapoint also landed this week. A Schedule 13G/A filing showed the Vanguard Group reported beneficial ownership of 110.9 million Opendoor shares — 11.62% of the class — as of Dec. 31. (SEC)
But there are obvious ways this trade can go wrong. If the bond-buy program stalls, or if investors decide it will not meaningfully shift mortgage rates, the bid under rate-sensitive stocks can fade fast. And even if rates tick lower, stronger demand without more homes for sale can keep prices elevated, which doesn’t help affordability much and can still choke transaction volume.
Investors will be looking for more detail on the mortgage-bond purchases and any fresh housing initiatives when Trump heads to the World Economic Forum in Davos on Jan. 19–23, after he said he plans to discuss new housing and affordability proposals there. Opendoor’s next hard catalyst is its quarterly report, which TipRanks lists for Feb. 26 after the close. (Reuters)
