00:00It's Benzinga bringing Wall Street to Main Street.
00:02Open Door technology shares climbed on Monday as traders repriced the company's outlook
00:06following dovish signals from Federal Reserve officials that according to Benzinga Pro.
00:10Markets now assign a 77% probability to a December rate cut.
00:15Goldman Sachs economist John Hatsias expects rates to fall toward a 3% terminal range by 2026.
00:21Open Door relies on floating rate debt to finance large housing inventories
00:25so lower rates would cut daily holding costs and lift margins.
00:28A move toward that terminal range could also ease the lock-in effect that slowed home sales,
00:33helping Open Door increase transaction volume and better leverage its cost structure.
00:37Shares rose 13.93% to close at $7.69 on Monday.
00:42For all things money, visit Benzinga.com.
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