• 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

Mortgage rates reach new lows

The sky is falling but one byproduct of the declining stock market is declining Mortgage rates.  According to a survey by McLean-based Freddie Mac rates are now at  the lowest level in over 50 years

The  Mortgage Market Survey shows 30-year fixed rate mortgages averaged 4.15 percent for the week ending Thursday, breaking the previous record low of 4.17 percent set Nov. 11, 2010.

(NOTE we are seeing rates of 4% or lower being offered on FHA/ VA and Conventional Loans)

The 30-year fixed rate mortgage averaged 4.32 percent last week. Last year at this time, the rate averaged 4.42 percent.
many consumers are taking on  15-year fixed-rate mortgages with rates that averaged 3.36 percent , down from last week when it averaged 3.50 percent.

“The Federal Reserve’s policy statement last week and ongoing market concerns over the European debt market carried momentum into this week allowing all mortgage products in our survey to reach all-time record lows.

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