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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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    • ‘Beloved Women of Chota: War Women of the Cherokee’ being performed through Nov. 2
      The Colonial Williamsburg Foundation is currently presenting “Beloved Women of Chota: War Women of the Cherokee” on the Charlton State through Nov. 2. Produced by the American Indian Initiative at Colonial Williamsburg, the production commemorates the Cherokee peoples’ ties to Virginia in the 18th century. “‘The Beloved Women of Chota’ is a significant addit […]
    • Five Fall Things to Do in the Revolutionary City
      By Karen Gonzalez Feeling autumnal? Here are five great fall things to do in the Historic Area over the next five weeks.   More Bricks for Our Walls Love big fires on cool nights? Then the Firing The Brick Kiln at the Brickyard is for you. From Nov. 19-23 between 9 a.m. and 5 p.m., brickmakers will be ... Continue Reading »
    • What is the Frenchman’s Map?
      The Frenchman’s Map (1782). Whether one is looking for treasure or the closest Starbucks, most searches are more productive with a map. Colonial Williamsburg’s archaeologists are the first to admit this, which is why each of our excavations begins by consulting the Frenchman’s Map. The Frenchman’s Map ... Continue Reading »
    • In the Garden: Of Garlic and Shallots
      It is in the middle of October that we plant our garlic and shallots which is true for most all of the North American colonies. German Red Garlic bulb Garlic has a long usage as a medicinal plant but was seldom used in America as a culinary ... Continue Reading »
    • Revolutionary City’s tree varieties create a diverse autumn palette
      By Ben Swenson Could you name three types of oak tree if you had to? How about five? Laura Viancour can. She’s Colonial Williamsburg’s Manager of Landscape Services, part of a devoted team that shoulders a tall responsibility: maintaining the Historic Area’s oaks — all 13 species of them — and much more. There are over ... 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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