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South Florida

Mortgage applications down

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Mortgage applications declined 10.6 percent last week as mortgage rates increased. The average rate for a 30-year fixed-rate mortgage increased from 5.82 two weeks ago to 6.08 last week, according to the Mortgage Bankers Association. The average rate for 15-year fixed-rate mortgages went from 5.54 percent to 5.84 percent.