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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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    • From the Garden: Of Kales and Coleworts
      Now that we are experiencing nearly nightly frosts the kale, or coleworts as the ancients term it, are at their finest. Tuscan kale There are a number of varieties of this most useful gree,n but one in particular has garnered much attention and admiration by the modern ... Continue Reading »
    • A Thirst for History: Old Stitch Beer
      This week on the podcast, Master of Historic Foodways Frank Clark details his 20-year quest to recreate the perfect 18th-century brew. Rounded in flavor, middling in alcohol content, and deep caramel in color, his “Old Stitch” reached a perfection recognized in the United States Beer Tasting Championship’s 20th annual competition. Listen now.
    • Have you heard these Revolutionary heroes’ stories?
      Their names are sometimes footnotes in history, but many of these heroes stood shoulder to shoulder in the fight for independence with the founders of a new nation. Some of their stories are featured on the American Heroes Channel’s broadcast “The American Revolution,” which premieres Monday, Dec. 15 at 9 p.m. You can learn more about ... Continue Reading » […]
    • Shakespeare Comes to the Palace
      By Toni Guagenti For a brief time this holiday season, the grand ballroom at the Governor’s Palace will be transformed into a Shakespeare theater for the very first time. Andrea Squires, who plays Maria in “Twelfth Night,” rehearses a scene with John Cauthen as Sir Toby Belch ... Continue Reading »
    • HERO has tools to teach the American story
      By Dale Van Eck Children today are different! But not just because they mature years earlier than children did even a couple of generations ago. Not just because of the clothes they wear or don’t wear. Not just because they dye their hair and style it differently than we did when we were that age. No, ... 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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