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Local Address: April 4, 2010 - April 10, 2010

The Weekend Poll: Open houses?

Crucial, gimmicky, useful -- or something that brings out your inner Salahi?

By Elizabeth Razzi  |  April 9, 2010; 1:32 PM ET  |  Permalink  |  Comments (1)
Categories:  Buying , Neighborhoods , Poll , Selling , Weekend Poll  
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Jumping mortgage rates and open house extravaganza

Mortgage interest rates shot up this week to the highest level since August, Freddie Mac economists report today. Perversely, rising interest rates tend to boost home sales--at least in the short term. Buyers who had been sitting on the fence often get jolted into action when they see rising rates eat into their new-home budget. Combine that with a major nationwide marketing push by Realtors to hold open houses on as many of their listings as possible over the April 10-11 weekend, and the market could get pretty interesting over the next week or so.

By Elizabeth Razzi  |  April 8, 2010; 12:45 PM ET  |  Permalink  |  Comments (3)
Categories:  Buying , Mortgages , Selling , Statistics , The market  
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