Why Opendoor Stock Popped Today

By Joe Tenebruso – Jan 9, 2026 at 6:00PM ESTKey PointsPresident Trump has a plan to reduce mortgage rates.Home buyers and sellers could both benefit.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: OPENOpendoor TechnologiesMarket Cap$6.1BToday's Changeangle-down(13.45%) $0.86Current Price$7.29Price as of January 9, 2026 at 3:58 PM ETInvestors are getting excited about the prospect of a housing market boom.Shares of Opendoor Technologies (OPEN +13.45%) climbed on Friday, following several positive developments for the real estate market. By the close of trading, Opendoor's stock price was up more than 13% after rising as much as 23% earlier in the day. Image source: Getty Images. President Trump wants to make home ownership more affordable for Americans After the market close on Tuesday, President Trump said he was turning his attention to the housing market. In a social media post, he wrote: I am instructing my representatives to buy $200 billion in mortgage bonds. This will drive mortgage rates down, monthly payments down, and make the cost of owning a home more affordable. About an hour later, Bill Pulte, Director of the Federal Housing Finance Agency, said: We are on it. Thanks to President Trump, Fannie and Freddie will be executing. Pulte was referring to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, two government-sponsored enterprises that buy mortgages from lenders and sell them as mortgage-backed securities to investors, thereby providing liquidity to the U.S. housing market.Advertisement On Friday, U.S. mortgage rates fell to their lowest levels in almost three years following Trump's and Pulte's comments. ExpandNASDAQ: OPENOpendoor TechnologiesToday's Change(13.45%) $0.86Current Price$7.29Key Data PointsMarket Cap$6.1BDay's Range$7.09 - $7.9152wk Range$0.51 - $10.87Volume4.3MAvg Vol100MGross Margin8.01% Lower borrowing costs could spark a housing recovery Reduced rates would enable more people to qualify for mortgages based on industry-standard debt-to-income ratios. It would also likely entice more homeowners, many of whom have been reluctant to swap their current low-rate mortgages for high-cost loans on new homes, to list their properties. In turn, this combination of increased home affordability and higher housing supply should lead to greater transaction volumes for companies like Opendoor Technologies.Read NextDec 19, 2025 •By Anthony Di PizioOpendoor Technologies Stock Is Up 320% in 2025. Is It a Buy for 2026?Nov 27, 2025 •By Catie HoganShould Investors Close the Door on Opendoor?Nov 16, 2025 •By Anthony Di PizioIs It Too Late to Buy Opendoor Technologies Stock?Oct 20, 2025 •By Anthony Di PizioShould You Buy Opendoor Technologies Stock Before Nov. 6?Oct 14, 2025 •By Anthony Di PizioIs It Too Late to Buy Opendoor Technologies Stock?Sep 18, 2025 •By Daniel SparksOpendoor Names New CEO, Goes Into "Founder Mode." Can the Stock's Meteoric Run Keep Going?About the AuthorJoe Tenebruso is a contributing Motley Fool stock market analyst. Previously, Joe was an investment analyst for Stock Advisor, Income Investor, and Crypto Society, as well as several other market-beating investing services. He graduated summa cum laude from Rutgers University with a Bachelor of Science in Finance.tmfguardianX@Tier1InvestorStocks MentionedOpendoor TechnologiesNASDAQ: OPEN$7.29 (+0.13%) $+0.86*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement