U.S. mortgage applications fall to six-week low: MBA

NEW YORK (Reuters) - U.S. mortgage applications fell to their lowest levels in six weeks even as home borrowing costs turned cheaper as a result of lower bond yields, the Mortgage Bankers Association said on Wednesday.

The Washington-based group's seasonally adjusted index on mortgage activity to buy a home and to refinance one declined 4.3% to 407.2 in week ended April 26, which was the lowest reading since 390.0 in the week of March 15.

GRAPHIC: U.S. mortgage applications - https://tmsnrt.rs/2RnEpRD

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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