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Why Opendoor Stock Jumped 13.8% Today
Source: fool.com
Housing & Real EstateElections & Domestic PoliticsGeopolitics & WarInterest Rates & Yields
Housing stocks, including Opendoor, rallied after Democrats won both chambers of Congress in the midterms. Oil prices and the 10-year Treasury yield fell amid hopes for a quicker end to the Iran war; lower yields tend to pull mortgage rates down, supporting housing affordability.
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