Market Finds Little Comfort in Fed Minutes

Mortgage & Real Estate

The release of the minutes of the last Federal Reserve meeting on Wednesday afternoon, besides impacting the bond market, contributed to the Dow Jones Industrial Average losing 105 points.

Members of the Mortgage Industry Equity Composite also were caught in the sell-off, with all but two stocks closing lower. Bank of America was up 0.35%, while Fidelity National Financial was unchanged from its Tuesday close.

At the other end of the spectrum, Radian Group had the largest percentage loss at 2.2%, followed by Home Loan Servicing Solutions at 2.14% and MGIC Investment Group at 1.96%.

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