New optimism about the possibility of plans to address Europe's fiscal concerns boosted most industry stock values.
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A little after noon, the Dow was up roughly 300 points and increases in mortgage-related stocks ranged from roughly 2% to 8%.
Companies like mortgage insurer Radian experienced gains on the upper end of that range while title insurance and services provider Fidelity National Financial registered gains on the lower end of that range.
Also the rate-indicative 10-year yield, which at one point Friday had fallen below 1.9% before recovering a bit, was back above 2% at press time.
