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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

    • Fallen Heroes Saluted at Capitol
      Col. Gary West, a retired Air Force fighter pilot, is a thousand miles into his “Patriot Honor Ride” from Lubec, Maine at the Canada border to mile marker zero in Key West. Trading in his F-16 for a bicycle, he’s making stops in 15 states and Washington, D.C. to raise money and support for Folds...Read More »
    • Animating History: A Research Fellow Explores New Ways to Tell Our Story
      It turns out that if you knock a hole in a wall, you can learn a lot about a building’s history. Well, we did that—punched a big ol’ square right in the middle of a bright red wall in the dining room of the Robert Carter House. This apparent act of architectural violence was in...Read More »
    • Back to School Shopping with Dad, 18th-Century Style
      All last evening, I sat in the bar at the Williamsburg Lodge, steeped in a dream of colonial times, while the rain beat upon the windows, and the wind roared. From time to time I dipped into my volume of stories of 18th-century Williamsburg, until my daughter interrupted with a recitation of the next day’s...Read More »
    • Another Successful “Pokémon GO Revolution” Brings Hundreds to the Historic Area!
      Lickitung, Scyther, Abra, Parasect, Jigglypuff, and yes—even, an Ivysaur! All spotted (and captured) in our Colonial Capital last night! Sound like I’m speaking a foreign language? Welcome to the virtual world of Pokémon GO. The 18th century and the 21 century melded last night during our second social meet-up which included a free historic walking...Read Mo […]
    • Six Ways to End Summer with a Bang
      While summer heat may have some of us wishing the season away, believe it or not we’ve still got a little over a month left. September 22 is the first official day of fall, which means we have nearly five sunny weeks to make the most of summer 2016. And today I’m here to help...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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