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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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      It’s official! The weather is finally in agreement with our calendars. Temperatures were in the 60s this past weekend and it looks like we have finally bid farewell to the lingering summer humidity. Now, it’s time to look forward to the beautiful changing leaves, glow of the cressets, warmth of our hot apple cider, and...Read More »
    • Shark’s Teeth, Dragon’s Toes, and a Pinch of Seaweed: Just a Day at the Office for Our Costume Designers
      Who knows what evil lurks in the hearts of our Halloween monsters? Tom Hammond does. From a rough story line and a few beastly names, Tom and his colleagues in the art of costuming sketched, selected, and sewed the outfits and accessories for an assortment of ghastly characters. Many favorites from last year will return....Read More »
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      Most Americans (I suppose, perhaps too optimistically) can identify, “Give me liberty or give me death!” as the words of Patrick Henry. Leaving aside the question of whether those were his precise words delivered during the Second Virginia Convention in 1775, how many Americans know what Mr. Henry did after the Revolution? The answer is...Read More » […]
    • Liberty & Her Friends Have a Roaring Good Time at Dogs of DoG Street!
      It was a crisp, fall morning Saturday when an estimated 2,000 guests brought their pups into the Historic Area for our second annual Dogs of DoG Street event. Several of them (their humans included) donned costumes for our first ever Halloween contest! When registration started a little after 9, there were already dozens of people...Read More »
    • A Glimpse Inside My Colonial Williamsburg Fairy Tale Wedding
      From our stay in the elegant Queen’s Suite to a royal ride in the Queen’s carriage—my wedding at the Williamsburg Inn was a real-life fairy tale. Colonial Williamsburg provided a truly unforgettable backdrop for one of the biggest days of my life and I’m so excited to be able to share some of those highlights...Read More »
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    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

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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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