Mortgage bond purchase
Search documents
Stock Market Today, Jan. 9: Opendoor Technologies Jumps After Trump Unveils $200 Billion Mortgage Bond Plan
Yahoo Finance· 2026-01-09 22:14
Group 1 - Opendoor Technologies closed at $7.29, up 13.37%, with a trading volume of 165.2 million shares, significantly above its three-month average of 101 million shares [1] - The catalyst for this increase was President Trump's announcement of a $200 billion U.S. mortgage bond purchase plan, which investors believe could lead to lower mortgage rates and increased housing activity [1][3] - The S&P 500 and Nasdaq Composite also saw gains, with the S&P 500 up 0.65% and the Nasdaq Composite up 0.81%, indicating a positive market response to housing policy developments [2] Group 2 - Investors are optimistic about the potential for lower mortgage rates to unlock the housing market, as evidenced by Opendoor's stock performance, which at one point rose over 20% during the trading day [3] - Despite the excitement, it is important to note that no official action has been taken regarding the mortgage bond purchase plan, as the announcement was made via social media [4] - The competitive dynamics within the real estate technology sector are being reassessed, with peers like Zillow Group experiencing a decline of 1.72% even as Opendoor's stock rallied [2]