• 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

    • That Time John Adams Came to Town
      February 22, 2007. The conversion of the Public Gaol was already well underway when Colonial Williamsburg historian—and newly-minted historical film consultant—Cathy Hellier arrived on the set. Just the evening before she had been assigned to help out with the filming of HBO’s “John Adams,” the acclaimed seven-episode series based on David McCullough’s biogr […]
    • Two Georges: 5 Similarities between Washington and the Under-Appreciated Mason
      Washington wasn’t the only “George” to make major contributions to the founding of America. Another one, George Mason, helped to mold many of the ideas we hold dear as intrinsically American, yet he is unfairly neglected as a founder. You may suspect bias, as I’ve just undertaken the role of Mr. Mason in Williamsburg. At...Read More »
    • Have a Question for POTUS? Ask It During Presidents Day Weekend!
      There hasn’t been a Virginian in the White House since Woodrow Wilson a century ago, but back in the day a stream of Old Dominion natives held the nation’s highest office. Washington, Jefferson, Madison, Monroe: from 1789 until 1821, only the second president, Massachusetts’ John Adams, interrupted the Virginia dynasty. All of them spent portions of their... […]
    • At a Loss For Words? Say It with a Founding Valentine!
      There’s a lot happening in the world right now—matters that are far more serious than Valentine’s Day. Yet, as George Washington wrote in 1786, “it is assuredly better to go laughing than crying thro’ the rough journey of life.” With that in mind, we present these lighthearted, historically-themed Valentine’s Day cards. Or as we’ve dubbed them,...Read More » […]
    • “A Pioneer and a Founder”: Remembering Ivor Noël Hume
      Last Friday, Ivor Noël Hume, who profoundly influenced the field of historical archaeology and inspired generations of students both casual and professional, passed away at 89. Over the course of his three-decade career at Colonial Williamsburg, he was a prolific and talented writer and speaker, and revered for modernizing archaeological methodology and for […]
  • 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."

Advertisements

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: