Scalper1 News
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. Mortgage applications jumped 8.4% in the first week of June on a seasonally adjusted Scalper1 News
Scalper1 News