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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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      As the father of a one-year-old daughter, I try to be “up” on all things Disney, though I’m far from an expert. But I’m also a curator of costumes and textiles, and sometimes the costuming catches my attention. When my wife asked me about the time period of the attire in Disney’s new “Beauty and...Read More »
    • Renegade Tour Offers an Unconventional Way to See Williamsburg
      Turns out not everyone likes to follow the rules. If you’re one of those people—someone with a little bit of an independent streak who likes to stray from the standard route, the Renegade Tour might just be to your liking. Every Saturday through June 17, at 10 a.m. and 3 p.m., Renegade Tours will depart...Read More »
    • Your Guide to What’s New This Spring
      “What’s your favorite song?” Marvin asks a guest after inviting him to take a turn grinding corn in the yard behind the Randolph House. It’s one of many unexpected surprises guests will encounter in the reimagined Historic Area. Marvin, portraying an enslaved member of the Randolph household, smiles at the suggestion of Bohemian Rhapsody. He...Read More » […]
    • Colonial Williamsburg Mourns the Passing of David Rockefeller
      Colonial Williamsburg mourns the passing of philanthropist, businessman and lifelong Foundation supporter David Rockefeller. The youngest and last surviving child of founding benefactor John D. Rockefeller, Jr., as a boy David Rockefeller was central to Colonial Williamsburg’s establishment after he and his father met the man who conceived the city’s restora […]
    • Much More Than a Secretary: The Story of Elizabeth Hayes
      If you’re inclined to buy the old adage that “behind every great man is a great woman,” then you should know the name Elizabeth Hayes. For 18 years she was the personal secretary to Dr. W.A.R. Goodwin, the “father of Colonial Williamsburg”—and like so many other women who toiled out of the limelight, her contributions...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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