
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