HW 30 finishes week higher
Trulia is the big jumper with its stock up 8.52%
The HW 30—HousingWire’s exclusive list of mortgage related stock—produced mixed results on Friday after fluctuating all week.
The stock completed the day up 0.12% and is up 29.88% year-over-year.
This week turned out to be a tepid week for housing as people head into the holidays.
Mortgage rates remained unchanged at 4.42% for the 30-year, fixed-rate mortgage from a week prior due to a light week of economic data release, the Freddie Mac report revealed Thursday.
Meanwhile, foreclosure activity witnessed the biggest month-over-month drop in foreclosure filings for November, falling 15% from November.
In Washington, Congress finally confirmed Congressman Mel Watt, D-N.C., as the new head of the Federal Housing Finance Agency.
"The FHFA director has the power to help rebuild local economies and communities through direct action and administrative reforms, and we’re confident Mel Watt will do just that," said Alan Jenkins, executive director of The Opportunity Agenda, a group that advocates for expanding homeownership.
But stocks still have to endure another few weeks before the rest of 2013 wraps up.
Trulia (TRLA) posted the biggest gain on Friday and rose 8.52% and is up 76.28% year-over-year.
Additionally, Zillow (Z) also had a successful day on the market, increasing 2.29% and is up 162.88% year-over-year.