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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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    • Dispatches from the Archives, Part 1: Where have you been all your life?
      Guest posting by Jenna Simpson Provenance relates to the life history of a piece –who’s owned it, where it’s been, what it’s seen in its lifetime. Knowing where and how an object was used allows us to appreciate it not only for its own aesthetic and historical value; it helps us to put the piece into a ... Continue Reading »
    • Market Day in Williamsburg
        Pedlar, from W. H. Pyne, Microcosm, 1806. Market day for the “country people” started early when the stillness of the predawn hour in the capital was broken by faint and then distinct sounds of the rattling rumble of carts and wagons on the unpaved roads leading ... Continue Reading »
    • Remembered with perpetual Gratitude
      By Áine Cain George Washington hated ingratitude, to put it mildly. In a May 29, 1754 letter to Virginia Governor Dinwiddie, he wrote that, “Nothing is a greater stranger to my breast, or a sin that my soul more abhors, than that black and detestable one, ingratitude.” So on a day especially devoted to gratitude, let’s take ... Continue Reading »
    • An Autumn Spectacular
      The deciduous denizens of Colonial Williamsburg’s Historic Area are no slouches when it comes to the flaming colors of a classic autumn. Manager of Landscape Services Laura Viancour says trees are chosen with an eye toward fall color, but their year-long care is more complex than you might imagine. Listen now. Take the Tall Treasures ... Continue Reading » […]
    • Welcome to the Reconstruction of the Market House
      This week we introduce a new blog that will follow all major reconstruction projects at Colonial Williamsburg. Our first project is the reconstruction of Williamsburg’s 18th-century Market House. Local readers will have noticed a recent flurry of activity on Market Square. Just to the east of the Magazine the site has been readied, and at various trades loca […]
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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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