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Housing Stocks Advance on Tuesday

FEB 5, 2013 4:47pm ET
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The Dow Jones Industrial Average flirted with 14,000 on Tuesday as investor confidence returned to the market and that investor confidence helped to buoy the housing-related stocks which make up the Mortgage Industry Equity Composite.

Of the 17 members, 15 finished higher than they did on Monday, led by the much-maligned Bank of America, up 3.4%.

Another stock that has been either a big gainer or a big loser, MGIC Investment Corp., finished Tuesday up 2.54%.

Most MIEC stocks had a larger percentage gain than the DJIA, which was up 0.71%.

Those that fell below that threshold include PennyMac, up 0.53%, KB Home, up 0.46%, Home Loan Servicing Solutions, down 0.6%, and Ellie Mae, down 3.37%.

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