Mortgage stocks were among the winners on Thursday, as investors cheered good economic data which drove the Dow Jones Industrial Average to close above 16,000 for the first time.
There were 14 of the 17 Mortgage Industry Equity Composite stocks that closed higher and eight of those had gains of above 2%.
Leading the way was MGIC Investment Corp., up 4.06%. Next was KB Home, up 3.97%, while Radian Group was the third largest gainer by percentage, up 3.69%.
At the other end of the spectrum, Redwood Trust closed 0.97% lower than it did on Wednesday. CoreLogic was 0.4% lower and Fidelity National Financial was 0.39% lower.
