The Traderszone Network

Published in TZ Latest News 12 June, 2015 by The TZ Newswire Staff

Mortgage Stocks Rallying, Led By Essent Group

Mortgage services stocks are rallying, despite rising interest rates. IBD’s mortgage services industry group ranked No. 21 in Friday’s edition, up from 55 just three weeks ago. Why the sudden charge when the cost of borrowing is going up? The Mortgage Bankers Association (MBA) says that job gains in May and initial signs of wage growth are supporting the market.

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