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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
  • RSS Colonial Williamsburg News

    • From the Garden: Of Horse Dung and Hotbeds
      Now is the time of year to begin the production of vegetable transplants that will be ready to put into the garden in late March and early April. Dung of the proper heat In preparation, we have gathered dung to supply the hotbed. For those new to the ... Continue Reading »
    • ‘Therapy’ and ‘Outlet’ Becomes a Calling for Weaver
      By Lisa O. Monroe A bargain with a college roommate may have brought Karen Clancy to Williamsburg. But it was her mother’s love of history and the creative spark she ignited in her daughter that started Clancy on a path to become the Revolutionary City’s head weaver, dyer and spinner. ... Continue Reading »
    • TURN returns to Williamsburg
      By Bill Sullivan Scores of visitors to Colonial Williamsburg’s Historic Area witnessed history Monday as AMC’s spy drama TURN returned for a final day of filming. The Governor’s Palace was the setting for scenes that will appear later this year in episode 9 of the show’s second season.
    • Who’s Working on the Market House?
      On a cold January afternoon, who’s working on the Market House? You might be surprised…. Webcams can be marvelous things. Through the lens of a webcam, Colonial Williamsburg’s “virtual visitors” kept up with daily progress as the Coffeehouse and Armoury reconstructions took shape. With its constantly ... Continue Reading »
    • From the Garden: In Praise of Turnips
      White egg turnip It is at this time of year that we turn to the root crops to supply the table with our chief sustenance and there is no root as useful to this purpose as the turnip. Turnips have been grown for untold thousands of years ... 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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