Toll, Lennar, KB Up On Fed News, Loan Applications
Posted on December 12, 2012 at 12:27 PM EST
Toll Brothers (TOL), Lennar (LEN) and PulteGroup (PHM) rose in early afternoon trading as investors expect the Federal Reserve to increase its bond buying program on Wednesday. The market expects the Fed to ramp up its bond buying volume, raising hopes of more support for the housing sector. The central bank's net purchases of Treasury and mortgage-backed securities are seen climbing to $85 billion a month from $40 billion. That would maintain
