Markets have been transfixed by this weekend's French election. If Le Pen wins, the apparent reaction will be good for bonds and bad for stocks, she's seen as a potential risk to the long-term stability of the European Union. It's not her political agenda, but simply the fact that she'd be another success story for global populist sentiment--not exactly what the EU needs if it's going to enjoy years of unfettered bureaucracy.
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• 30 year (FRM) rates at 4.08% (+0.03%).
• 15 year (FRM) rates at 3.31% (+0.02%).
• FHA 30 year Fixed rates at 3.75% (-0.00%).
• Jumbo 30 year Fixed rates at 4.34% (+0.02%).
• 5/1 ARM rates at 3.07% (+0.03%).
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