• Click Here to Subscribe to Email updates

  • 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

    • Fantastic Wreaths and Where to Find Them
      As usual, Colonial Williamsburg went all out with the Grand Illumination festivities over the weekend. (We hope you enjoyed them either in person or via social media!).  Now that we’re fresh off Grand Illumination weekend, it’s time to talk decorations. You may remember from last year’s post that the tradition in our house is to...Read More »
    • Grand Illumination Kicks Off the Holiday Season with a Bang!
      The weather was brisk and beautiful. The sound of gospel choirs, bagpipes, and Fifes and Drums echoed through the streets. And the smell of cressets and delicious food wafted throughout the crowds. This sensory magic—all leading up to the epic finale, a grand display of fireworks! You could feel the anticipation and excitement in the...Read More »
    • A Grandparent’s Guide to Gift Giving
      As the resident grandmother of the Social Media Team, I was excited when asked to provide my thoughts on holiday gift ideas, as I am currently in the throes of finding gifts for two of my greatest loves, my granddaughters Lilyann (Lily), Age 5 and Gracelyn (Gracie), Age 3. Watching them grow up (way too quickly, I...Read More »
    • Plan Your December Visit with This Guide to New Seasonal Programs, and a Few Classics!
      People from all walks of life are drawn back to Williamsburg again and again because it represents a common bond of shared history and traditions. But that doesn’t mean we can’t make some space for the new. Here’s a sampling of 2016 debuts and a few old favorites. There are far too many programs to include everything...Read More »
    • A Holiday Gift Guide for the Animal Lover in Your Family
      From this beautiful colonial cookie jar to unique silver charms to children’s books and stuffed animals… we offer several Colonial Williamsburg-inspired gifts for the animal lover in your life. I put together my list of favorites that caters to a variety of budgets. Check it out and see what you think! Charming Choice $24 Charm bracelets...Read More » […]
  • Flickr Photos

    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

    More Photos

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."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: