Home lenders jump after Trump orders $200 bln of mortgage bond buys

Opendoor Technologies

09/01/2026 12:47

** Home-lender stocks rally premarket after U.S. President Donald Trump ordered purchase of $200 bln in mortgage bonds in an attempt to reduce housing costs and mortgage rates

** Shares of Rocket Companies RKT.N up 5% before the bell, while LoanDepot LDI.N jumps 15% and UWM Holdings UWMC.N rises nearly 7%

** Opendoor Technologies OPEN.O up 9% premarket, after surging as much as 13% in post-market trading on Thurs

** Federal Housing Finance Agency Director Bill Pulte said on X soon after Trump’s announcement late Thurs that Fannie Mae and Freddie Mac will execute the purchases

** In recent years, mortgage lenders grappled with sharp declines in origination volumes due to higher interest rates

** Through Thurs close, RKT up 10% so far this year; LDI up 18%, UWMC up 7.5% and  OPEN up 10% to begin 2026

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))