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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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    • The Civil War on Williamsburg’s doorstep
      By Ben Swenson Williamsburg pulsed with activity. “The streets were thronged with artillery, supply trains and soldiers,” Val Giles wrote, “and the huckster was there crying his wares, for war had no terror for the Virginia huckster with his old poor horse and two-wheel cart.” Yet this stirring scene wasn’t happening in the 18th century, when American ... Co […]
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      To understand the history of African religion in the colonies, the first thing you need to know is that there wasn’t just one African religion. As people from different regions of the continent were transported to servitude, they carried with them the faiths of their homelands: monotheistic, polytheistic, nature-based, saint-centered, and more. Historian Har […]
    • Throwback Thursday: The William Lightfoot House
      The William Lightfoot House stands on the south side of Duke of Gloucester Street, across the street from the Ludwell-Paradise House. This part of the Duke of Gloucester Street was less commercially attractive in the 18th century than the east end since it was farther away from the Capitol. The lots were not subdivided, so ... Continue Reading »
    • From the Garden: A Surfeit of Simlins
      It is at this time of year that the gardener is supplied with a surfeit of simlins.  This is the variety of summer squash most favored by Virginia planters. Striped simlins In 1597, John Gerard called it a “buckler” because it was shaped “in a manner flat ... Continue Reading »
    • Wrapping Up the Bray Project
      Second session field school stdents at the Bray School site. Three weeks ago, working late into the afternoon with the threat of a late summer thunderstorm ready to break at any moment, the Colonial Williamsburg / College of William and Mary field school in Historical Archaeology wrapped ... Continue Reading »
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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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