Dow Jones Industrial Average (.DJI)’s Fireworks-like Gains Go Up in Smoke

Of course, the steady unemployment rate also points to continued low interest rates, which will continue to drive new mortgage business to the banks as homebuyers race to get new loans at historically low rates. And as inventory of homes continues to fall, prices will rise with the demand. Though Wells Fargo & Co (NYSE:WFC) has been the king of new mortgage originations, both Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) will seek to claim larger slices of the market as the new business enters the scene. For bank investors, the scene that unfolds will show the strengths of the individual banks at a time when the conditions are right for new opportunities.

The article Dow’s Fireworks-like Gains Go Up in Smoke originally appeared on Fool.com is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned. The Motley Fool recommends American Express, Bank of America, and Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.