Mortgage Stocks End Week on an Up Note

It was a strong end to a busy week for the members of the Mortgage Industry Equity Composite.

On Friday, 15 MIEC members closed higher with just two lower, as the Dow Jones Industrial Average closed at a record high for the third consecutive day.

Ellie Mae had the largest percentage gain over Thursday, up 3.2%. Investors took a second look at KB Homes earnings and decided they werent so bad after all. The homebuilder closed 2.7% higher. Astoria Financial closed up 2.3%.

Bank of America closed almost 1% lower and Radian Group was down 0.3%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Mortgage-Stocks-End-Week-Up-1040363-1.html

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