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  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
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    • On the Podcast — RevQuest: The King’s Advance
      Colonial Williamsburg turns its visitors into its spies for the fifth year in a row with RevQuest: The King’s Advance. Take your place in the Revolution with this online/onsite game that tasks its players with unraveling a true Revolutionary mystery. Meet with secret agents, crack codes, and transmit vital information to the guardians of ... Continue Reading […]
    • Mystery of the Hidden Chambers
      By John Watson Each hole on the toe boards will have a pipe perched on it. A toe board looks like a solid board with slightly funnel-shaped holes for the pipes (see wind-chest diagram), but the boards are anything but solid. Inside ... Continue Reading »
    • From the Garden: On Roan Mountain
      Last week I had the great pleasure of accompanying a group of enthusiasts who study the genus Rhododendron. View from Round Bald On one of our treks we explored the balds of Roan Mountain that rise above 5,000 feet on the border of Tennessee and North Carolina ... Continue Reading »
    • Through the Ranks: Telling Stories
      By Ben Swenson The recruits of the Colonial Williamsburg Fifes and Drums have come to the Revolutionary City from many different backgrounds. Some always knew they’d join this ensemble. Others seemed to have stumbled on it accidentally. All of them have signed on to a life-changing journey. In these audio clips, the recruits tell the stories of what ... Cont […]
    • Accepting a Challenge: Wheels for a French Cannon Carriage
      By Ben Swenson Entrepreneurs love to see business coming through the door. But when your line of work is an 18th-century Historic Trade, walk-ins are a rarity. Yet that’s what happened last year at the Colonial Williamsburg Wheelwright and Carriage Shop. Matthew Mees and his wife were visiting the Revolutionary City and made a point to drop ... Continue Read […]
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Mortgage Rates Inching Upward

30-Year Fixed-Rate Mortgage Averages 4.08 Percent

Freddie Mac reported that  mortgage rates continued to follow bond yields higher amid improving economic data. The average 30-fixed rate mortgage averaged 4.08 percent for the week clearing the 4 percent barrier for the first time since October 27, 2011, when it averaged 4.10 percent.

15-year fixed rate mortgages this week averaged 3.30 percent with an average 0.8 point, up from last week when it averaged 3.16 percent. A year ago at this time, the 15-year FRM averaged 4.04 percent. 

According to Frank Nothaft, vice president and chief economist, Freddie Mac: "Mortgage rates are catching up with increases in U.S. Treasury bond yields placing the average 30-year fixed mortgage rate above 4 percent for the first time since the end of October 2011. Bond yields rose over the past two weeks in part due to an improving assessment of the state of the economy by the Federal Reserve, better than expected results of commercial bank stress tests and the likelihood of a second bailout for Greece. Meanwhile, consumers continued to reduce their debt burdens in the fourth quarter of 2011. For instance, homeowners reduced their financial obligations ratio (debt payments as a share of disposable income) to the lowest point since the second quarter of 1994."

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