Fall is here and so are the changing colors and snow capped peaks. 9/17/06.
http://breckenridge.snow.com

Nicely located at the east end of Building 2, view of Peak 8. The lock-off provides multiple rental options.

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By Aldo Svaldi
Denver Post Staff Writer
9/7/2006

Mortgage activity picked up steam last week as more consumers took advantage of falling rates.

According to a report issued Wednesday by the Mortgage Bankers Association, applications for new mortgages jumped 3.7 percent in the week ended Sept. 1 from the previous week, while refinancing activity decreased 0.9 percent.

"The retreat in fixed rates in the last two months has happened under the noses of a lot of homeowners and borrowers," said Greg McBride, a senior financial analyst with Bankrate.com. "It comes at a very opportune time."

Recent reports show a housing market that is slowing rapidly after a series of interest-rate hikes from the Federal Reserve that started in the summer of 2004.

The Fed took a pause from raising rates in July, and bond markets responded by driving yields lower on bonds. Fixed-rate mortgages, linked to bond rates, also have moved lower.

After brushing close to 7 percent in July, fixed-rate mortgages have fallen to below 6.5 percent.

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BY EDWARD STONER
Summit Daily News / Eagle County Correspondent
September 18, 2006

VAIL - Vail is No. 1 again.

The resort returned to its familiar spot as the top ski resort in North America in this year's SKI Magazine readers' poll.

It is the 14th time in 19 years that Vail's has had the top spot. Last year, Vail was No. 2 and Deer Valley in Utah was No. 1. The two resorts swapped places this year.

Beaver Creek was ranked eighth, down from sixth last year.

Vail Resorts' five ski mountains ranked in the top 20 among Western resorts. Besides Vail and Beaver Creek, Breckenridge was sixth, Keystone was 14th and Heavenly at Lake Tahoe was 17th.

Copper Mountain, just east of Vail, ranked 19th.

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