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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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    • What Would George Say about Our Dis-United States? Perhaps “We’ve Been Here Before…”
      Political turmoil. Scathing media attacks. Mounting distrust—of our federal government, and of each other. Sound familiar? The challenges faced by the new American government in its first decade bore some similarities to what we face today. And they were no less alarming. The first generation of Americans after independence was flawed, divided, and prone to. […]
    • Winding Through History: The Governor’s Palace Maze
      The Governor’s Palace maze. It is a “must-see” when visiting Colonial Williamsburg, and millions have wound their way through its hedges since it opened in the 1930s. If you are a die-hard CW fan, chances are you’ve traipsed through it more than once. But what of its history? How it was created? What it takes to maintain...Read More »
    • Behind the Scenes: The Making of a Sea Witch
      In just a little more than a month, Sea Witches will arrive under a cloak of darkness to put a curse on our colonial capital several nights leading up to All Hallows’ Eve. They will terrorize guests in their quest for the severed head of the infamous and villainous pirate, Blackbeard. Once in their hands,...Read More »
    • Inside a Magical Colonial Williamsburg Wedding
      When I think of a classic and sophisticated Williamsburg wedding, my mind immediately goes to simplistic elegance. I’m talking greenery, white florals, and those simple southern touches. Jenny and Sean’s Williamsburg Inn wedding included all of that, and so much more! The couple, William & Mary alumni, met in college and decided to bring their...Read Mor […]
    • Hi-Ho, the Derry-O, the Farmer Takes a…Carpentry Job?
      A little more than a year ago, I began volunteering at Great Hopes Plantation and I’ve learned a lot about historic farming. Now, I’m learning new skills I can use as I farm: carpentry. Soon, the Carpenters will pack up from Great Hopes Plantation and move to their new (old) location in town near the site...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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