New York, Feb 27, 2026, 07:38 EST — Premarket
- Opendoor down about 1% in premarket after a sharp rise in the prior session
- Traders are still digesting the company’s “Opendoor 2.0” push to speed resales and cut capital tied up in homes
- Mortgage rates and U.S. inflation data are the near-term swing factors
Opendoor Technologies Inc (OPEN.O) shares dipped 1.1% in premarket trading on Friday to $5.35, after finishing the prior session at $5.41. 1
The stock has turned into a quick read on two things investors can’t stop staring at: the path for borrowing costs and whether Opendoor can run its model with less cash and less time sitting on homes. Moves have been abrupt, sometimes without much company-specific news.
That matters now because rate expectations are shifting again, and housing names tend to trade like a levered bet on where mortgages settle. Opendoor’s business is also tied to resale speed — the longer it holds homes, the more it absorbs financing costs and price swings.
On Thursday, Opendoor jumped 8.6% to close at $5.41, after trading between $5.00 and $5.45. Volume was about 53.6 million shares. 2
The move comes as investors continue to work through Opendoor’s fourth-quarter report and its “Opendoor 2.0” overhaul. Chief executive Kaz Nejatian said, “This quarter demonstrates we are executing on that plan.” The company said it is aiming for breakeven adjusted net income by end-2026 (a non-GAAP profit measure that excludes some items), and pointed to a 46% quarter-on-quarter rise in homes purchased and a 23% drop in average inventory days in possession, along with “Cash Plus” making up 35% of weekly volume. 3
Opendoor calls itself an “instant buyer” in housing — it buys homes directly and resells them — so shrinking inventory time is the operating obsession. Faster turns can reduce the cost of carrying homes and limit exposure if prices soften between purchase and resale.
But a friendlier rate backdrop does not fix housing’s supply problem, and supply is what drives transactions. The average 30-year fixed mortgage rate fell to 5.98% this week, its lowest since September 2022, Freddie Mac said, though economists warned the dip could prove temporary and would not by itself spark a boom without more listings. Zillow senior economist Kara Ng said, “That headline alone could prompt many sidelined buyers to take another peek at the housing market.” 4
More broadly, U.S. stocks turned lower on Thursday as technology shares slid after Nvidia’s results failed to impress investors, dragging the Nasdaq down 1.2%, Reuters reported. 5
The next near-term catalyst is Friday’s U.S. Producer Price Index for January, due at 8:30 a.m. ET, a release that can jolt Treasury yields and, by extension, mortgage-rate expectations. 6
Into next week, investors will also be watching the U.S. employment report for February, scheduled for March 6 at 8:30 a.m. ET, for what it implies about the Federal Reserve’s next move — and whether the drop in mortgage rates can hold. 7
