Friday proved a bit of a lull for all indices on Wall Street. The HW 30 index, for example, tumbled 0.25% on Friday. This compares to the Dow Jones, which fell 0.46%, while Nasdaq and the S&P 500 dropped 0.15% and 0.41%, respectively.

mREITS American Capital Agency (AGNC) and Annaly Capital Management (NLY) struggled on Friday. American Capital Agency dipped 0.09% for the day, while Annaly Capital Management dropped a substantial 3.49%.

The other two mREITS on the HW 30 index, Redwood Trust (RWT) and Two Harbors Investment (TWO), ended the week slightly stronger. Redwood Trust remained unchanged on Friday, while Two Harbors Investment improved 0.51% for the day.

Homebuilders, which tended to be a mix bag this week, struggled significantly on Friday. D.R. Horton (DHI) dipped 1.80% for the day, while Lennar (LEN) dropped 1.73%. Builder Toll Brothers (TOL) took the biggest hit, down 2.44% to end the week.

The big banks fluctuated on Friday, with Bank of America (BAC) falling 1.28%. Conversely, JPMorgan Chase (JPM) improved for the day, up 0.67%. Wells Fargo (WFC) also saw a slight decrease at the end of the week, down 0.05%.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Uh-oh: Borrowers’ satisfaction with their lender is falling as originations rise

By all accounts, 2019 is going to end up being the best year for the mortgage business in at least three years, but is there appears to be a serious fly in the mortgage business’ ointment. A new survey shows that borrowers’ satisfaction with their lender dropped significantly in the second quarter as lenders struggled to deal with the surge in mortgage demand caused by falling interest rates.

Nov 14, 2019 By