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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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    • Chico’s on Merchants Square “Grow Event” Fundraiser for Colonial Williamsburg
      Your Fall Fabulous starts now – and benefits a good cause! Chico’s on Merchants Square is sponsoring a benefit for Colonial Williamsburg Foundation from 1 p.m. to 8 p.m. on Thursday, Oct. 2. Light refreshments will be available and Chico’s will donate 10 percent of all sales during the event to the Foundation — just be sure ... Continue Reading »
    • To everything; a season
      Podcast Host Harmony Hunter turns out to know very little about historic farming. Are your assumptions off, as well? Listen this week on the show as Historic Farmer Wayne Randolph walks us through the seasons of work on a rural plantation. You might be surprised by what you learn. Listen now.
    • Interpreting the lives of 18th-century African Americans
      By Ben Swenson Put yourself in an interpreter’s shoes. You’ve buttoned your waistcoat or tied on your petticoat. It’s time to stroll down Duke of Gloucester Street for some friendly banter with modern guests to Colonial Williamsburg’s Historic Area. What do you say? How do you act? Where have you gotten the background knowledge to pull it ... Continue Readin […]
    • Tramp art exhibit shows what simple materials can be
      By Helen Mosher On first inspection, the enormous cheval glass in one corner of the Peebles Gallery appears to be an ornate carving with incredible texture and detail. Indeed, the piece took more than eight years for David Fox to carve from solid blocks of wood. The mirror is one of several pieces in the museum’s ... Continue Reading »
    • Throwback Thursday: The Tayloe House
      The Tayloe House was constructed between 1752 and 1759. Col. John Tayloe, one of the wealthiest men in 18th-century Virginia, purchased the property in 1759 for 600 pounds, a very high price for a frame house at that time. Tayloe probably used it as a town house during the years he served on the Governor’s ... 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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