Mortgage stocks rallied back on Wednesday albeit not in a big way as almost half of the companies in the Mortgage Industry Equity Index traded up driving the sales volume down.
MGIC stocks were among the gainers trading at $7.05, up from $6.91
Similarly, Radian stocks traded up 2.08% at $12.79 from $12.53 on Tuesday dragging the sales volume down by 436,083 shares.
Gains were minimal at less than 1% for the other stocks trading up, except Astoria Financial shares which priced up 1.22%.