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Mortgage applications jump 4.5% as buyers rush to beat higher rates.

There has never been a better time to buy or refinance!

Spring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear.

Mortgage applications rose 4.5 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report. Application volume was 6.1 percent higher than the same week one year ago.

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