April 11, 2018 / 1:15 PM / 3 months ago

U.S. mortgage applications fall to 7-week low - MBA

NEW YORK, April 11 (Reuters) - The volume of U.S. mortgage applications fell to a seven-week low even as most home borrowing costs declined last week, the Mortgage Bankers Association said on Wednesday.

The Washington-based industry group said its seasonally adjusted index on mortgage applications fell 1.9 percent to 380.6 in the week ended April 6. This was the lowest level since 372.9 in week of Feb. 16. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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