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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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      An anonymous donor has generously pledged to match $1 million on a one-to-one basis for three mini-campaigns in support of Colonial Williamsburg’s infrastructure priorities. These projects are critical to the Foundation’s operations, employee and guest experiences and ultimately, the pursuit of our educational mission.  “We’re grateful for this generous pled […]
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      In the welcoming scene that takes place every morning at Colonial Williamsburg, visitors learn that 52% of the city’s population in the early 1770’s were people of African descent, nearly all of whom were enslaved.  As they go through town, guests might meet Kate working at the Raleigh Tavern, Jack Booker of the printing office,...Read More »
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      Remarks given by Colonial Williamsburg President & CEO, Mitchell Reiss, at the Williamsburg Lodge on June 27, 2018. Good morning, everyone.  I want to welcome my colleagues at the Foundation, our wonderful volunteers, community members and donors, City Council officials, and a member of our Board of Trustees who is with us this morning, Joe Montgomery.   […]
    • Celebrate the Everard House’s Tercentennial!
      What do an eighteenth-century invoice, a circus lion, a boat etched on a window pane, wallpaper fragments, dendrochronology samples, and a 1952 Antiques Forum program have in common? They are all pieces of the remarkable history of the Thomas Everard House that are part of Colonial Williamsburg’s museum and library collections. 2018 marks a significant...Rea […]
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      Visitors to Colonial Williamsburg may think that our work to preserve Virginia’s 18th-century capital means that the place never changes. Every day, however, we strive to learn more about the past and build on the work of our predecessors to represent the city as accurately as possible. We work from a historical record that is...Read More »
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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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