That's true, I don't think rates will go as low as they did during covid, at least in the foreseeable future. Who knows with Trump though. But any recent homeowners will still be able to refi. And some people who already have a house might not have to take out a large mortgage (if any) if they're nearly done paying off their 1st mortgage, or if the 2nd house costs less than their 1st home. That is still probably a long ways off though

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Alright, I'll try to genuinely address your point, even though I feel like I would just reiterate points from my post. They're both in the housing sector. Sure, the core business is different. Opendoor buys and sells houses. Loandepot gives out mortgages. But guess what, people need to be buying and selling houses for both companies to operate. Since 2022 when rates rose, the housing market has been frozen. No one's buying when mortgage rates are 6.8%. And the ones that bought have no incentive to sell when their rates were 2%. Both companies did better back then than do now, but they over grew so when buying houses went to a crawl, both companies had to downsize to survive and adjust how they did business (example: Opendoor found out not to buy high and sell low; Loandepot continued to refocus on having a more seamless experience with Mello and expanded revenue sources). Hm, maybe I should cite my original post. They both are changing leadership to right the ship. Depending on how they execute in the future is up to be determined. They both are not currently profitable but both of their finances are looking better and better. Hopefully they can both be profitable when housing volume increases: Open will actually be able to sell houses for a profit, and Loandepot will be able to originate mortgages, refi, and act on their servicing book. Their valuations are (were for Open) small. Investing on them has their risks, but both companies are pivoting and have a meaningful chance to realize profits with better macros in the future.

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