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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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    • Virginia History Day: Projects tackle Rights and Responsibilities
      By Lisa Monroe On April 26, some 250 excited and nervous students will stream into Thomas Nelson Community College’s Historic Triangle Center to compete to present the culmination of a year of work. It’s Virginia History Day (VHD). The Colonial Williamsburg Foundation, the Virginia State affiliate to National History Day, will be hosting the state wide compe […]
    • This week on the podcast, history finds the future
      The Colonial Williamsburg Foundation interprets the origins of the idea of America, conceived decades before the American Revolution. The Colonial Williamsburg story of a revolutionary city tells how diverse peoples, having different and sometimes conflicting ambitions, evolved into a society that valued liberty and equality. Americans cherish these values a […]
    • Name our lamb!
      We’re asking for your help again this year to name the Colonial Williamsburg lamb. Last year, you gave us William and Mary. It’s a new year and we have a new lamb. This woolly addition to our Leicester Longwool family needs a name. Everything WILLIAMSBURG will bring an ewe and a lamb to the Williamsburg Farmer’s ... Continue Reading »
    • Sheep Week, Day 5: The top 13 odd facts you didn’t know about sheep
      By Toni Guagenti Even the biggest fans of Colonial Williamsburg sheep can be mystified by their unusual habits and characteristics. In our fifth installment of our week-long Sheep Week series, you can study our list of 13 odd sheep facts and then try your hand at our quiz. Ewes can be ... Continue Reading »
    • Quiz: Test your sheep knowledge
      How much do you know about sheep? Take our six-question quiz and find out. Failed miserably? Brush up on your sheep knowledge with our Sheep Week series, April 14-18, at history.org. (Photos by Dave Doody) Now that you know so much about sheep, wouldn’t you like to help us out? Suggest a name for our lamb.
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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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