Mortgage surge applications, such as the rate of fall: MBA

NEW YORK- Applications for the sudden last week at the fastest rate real ready U.S. in two months that interest rates declined for a fourth consecutive week, an industry group said Wednesday.

The Mortgage Bankers Association, said its index seasonally mortgage application activity, which includes the application for purchase refinancing and home, jumped from 8.2% in the week that ended May 6.

"Rate fell again last week as the Federal Reserve continued its programme for the purchase of property," Michael Fratantoni, Vice President of the MBA of the research, said in a statement.

"On this period of four weeks, the refinance index has increased by approximately 18%." Despite the recent increase of however, refinance application volumes remain more than 50% below the levels observed last fall. ?

Seasonally adjusted index of MBA of refinance applications rose 9 percent, while the tonnage of loan for house purchase rose by 6.7%.

Refinancing is 63.1% of total loan applications, place to 62.7% the previous week. It is the highest level since late March.

Fixed mortgage rates of 30 years average 4.67% during the week, down from 4.76% the previous week.

Applications for the Spain of unemployment down (AP)

MADRID - the number of people in Spain of filing applications for unemployment benefits fell in April by about 64 000 in the first decline this year, the Government said Wednesday that he relates a bit of good news for a country struggling to recover from the recession.

Labour and the Ministry of Immigration, said the fall left the total number of persons receiving benefits to shy just of 4.27 million. The fall is the first since December and good news to Government attempts to repel the intermittent fears that Spain will be the next victim of rescue of Europe will follow the Greece, the Ireland and Portugal.

The Spain real unemployment rate is published separately each quarter. At the end of March, it rose to a high of 21.3%, with more than 4.9 million people work in the euro area. The number of claims is different because of many people unemployment benefits were exhausted.

Prime Minister José Luis Rodriguez Zapatero welcomed Wednesday decline in unemployment claims and said that he suggested Spain will be in fact achieve a net job creation in the second half of 2011, that his Government has stated on several occasions.

The decline in claims without a job in April has been attributed in part to hiring in the resorts of vacation for the holidays of Easter week in Spain, and the Government is for hiring summer vacation in the country of tourism paradise to lower the unemployment rate.

It is still, forecast of the GDP growth of only 1.3% for the year. Many analysts and even the IMF call this too optimistic.

The Ministry of labour said falling April in covered unemployment claims all sectors of the economy, and was the largest for the month of April since 2006. But since April 2010, claims increased by 3 percent, or 127 000 people.

Government of Zapatero expressed the number of unemployed will not affect the psychological barrier of five millions of confidence.

General elections must be held in March 2012, and Socialist Zapatero are behind the conservatives in the polls. Zapatero said that he will not seek a third term in Office.