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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

    • Market House Field Work
      In two early Reconstruction Blog posts, architectural historian Carl Lounsbury described the market day scene: what you might see, hear, and smell, and how markets functioned in 18th century towns. Architectural conservator Matt Webster then walked us through the process of calculating quantities, and producing (by hand) the materials needed to reconstruct W […]
    • From the Garden: Of Pickles and ‘Chokes
      While I was away last week Williamsburg experienced the first hard frost of the season, the temperature falling to20 degrees on Mr. Fahrenheit’s scale. This weather is somewhat cooler than is normal at this time of year but not entirely unexpected for the vagaries of the weather are like the whims of a spoiled maiden, ever ... Continue Reading »
    • Why the turkey didn’t fly
      By Paul Aron The choice of the eagle as our national symbol did not please everyone, especially since the eagle was traditionally an aristocratic and military symbol as well as a republican one. Most famously, in a 1784 letter to his daughter, Sarah Bache, Benjamin Franklin derided the eagle: I wish the bald eagle had not been ... Continue Reading »
    • Campbells Awarded the Churchill Bell, Foundation’s Highest Honor
      The Colonial Williamsburg Foundation Saturday bestowed its highest honor for public service, leadership and stewardship, the Churchill Bell, on Chairman Emeritus and former President and CEO Colin G. Campbell and his wife, Nancy N. Campbell. The Campbells are only the 12th recipient of the award, first given in 1992 and reserved for those who exemplify engag […]
    • Colonial Williamsburg Foundation Announces Campaign for History and Citizenship
      The Colonial Williamsburg Foundation has embarked on a $600-million campaign to both reinforce and reimagine its role in the 21st century as a leader in history education and historical preservation. Colonial Williamsburg Foundation President and CEO Mitchell B. Reiss speaks Saturday during the announcement of $600-million ... 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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