Mortgage Stocks Finish Week on High Note
It was another quiet day on Wall Street Friday, as trading volume in the member stocks of the Mortgage Industry Equity Composite was lower than average (according to Yahoo Finance) for a second straight day.
Still, it was a good day, as all but two of the 17 companies saw an increase in their price. Only KB Home finished lower, down 1.62%, from its Thursday close, while Hudson City Bancorp closed unchanged.
PHH led all gainers on a percentage basis, up 3.41%, while Redwood Trust was up 2.59% and Radian Group up 2.04%.