Opendoor shares surge 13.37% intraday on Trump’s $200B mortgage buyback plan boosting housing market optimism.

Opendoor Technologies Inc. surged 13.37% intraday after President Donald Trump announced a $200 billion mortgage bond repurchase plan to lower mortgage rates, directly boosting investor optimism for housing-related stocks. The proposal, aimed at making homeownership more affordable, aligns with Opendoor’s business model of facilitating home transactions. The move was amplified by renewed institutional interest, including Jane Street’s disclosed 5.9% stake, which added credibility to the stock. Retail speculation and meme stock momentum further fueled the rally, with the stock breaking a recent losing streak and hitting a key resistance level. The immediate catalyst, however, was the Trump policy announcement, which triggered widespread buying activity in housing and iBuyer stocks.