Mortgage Stocks Benefit From Market Rebound

The yo-yo-like movements of the stock market continued on Thursday, as the Dow Jones Industrial Average gained 80 points and rose back above 15,000.

And the Mortgage Industry Equity Composite was caught up in the euphoria as all 17 stocks finished above Wednesdays close.

KB Home was the best performing stock on a percentage basis, up 6.69%, followed by Ellie Mae, up 4.86%. The private mortgage insurers, Radian Group and MGIC Investment Corp. were next, up 4% and 2.76%, respectively.

The stock with the lowest percentage gain was Hudson City Bancorp, at 0.12%. It was also the third most heavily traded MIEC stock on the day, behind Bank of America and MGIC.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Mortgage-Stocks-Benefit-From-Market-Rebound-1036801-1.html

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