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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
  • RSS Colonial Williamsburg News

    • How the Liberty Tree Became a Symbol of the Revolution
      In this excerpt from Why the Turkey Didn’t Fly. we look into how an everyday part of nature was used as a potent symbol of freedom. Though largely forgotten today, to the American patriots of the 18th century, liberty trees and liberty poles were representations of their cause at least as prominent as liberty bells or lady liberties.  Liberty...Read More » […]
    • A Revolutionary in Residence Highlights the Spanish Role in the Revolution
      March, 1781. General Bernardo de Gálvez, governor of Louisiana, has seen enough dithering. The Spanish fleet is poised to seize Pensacola and wrest control of West Florida from Great Britain, but uncertainty has the ships stalled just outside the bay that protects the strategic outpost. Will they be able to safely navigate the channel? Will...Read More » […]
    • A Quick update on our Spring babies
      Time for a quick update on our spring babies! We’ve currently got a dozen lambs so far in the Historic Area, with more on the way. Six ewes are still due to have little ones over the next few weeks – so keep an eye out for more lambs! When I went out to visit our...Read More »
    • Susan Higginson Nash: Pioneer Interior Decorator for the Restoration
      A stylish female figure can be seen in many photographs documenting the architectural team who undertook the restoration of Williamsburg’s historic district. She often stands out as the one lone woman amidst the group of men. In some photos, she is walking the grounds of Virginia plantation homes such as Mount Airy and Shirley and...Read More »
    • Finding Tranquil Spaces
      The historic area in the spring can be a little hectic. Between the excited school groups who are happily (and let’s face it, loudly) learning about our nation’s history, the gorgeous and varied dogs on DoG street, and the many other guests here to take in the beautiful weather and bright flowers… it can get...Read More »
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    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

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Mortgage Rates Trending Higher

February 2013-"Mortgage rates continued to trend upwards this week amid a growing economy led in part by the recovering housing market. For instance, new home sales totaled 367,000 in 2012, the most in three years and reflected the first annual increase in seven years. Pending home sales in 2012 averaged its highest reading since 2006. And the S&P/Case-Shiller® 20-city composite house price index rose 5.5 percent over the 12-months ending in November 2012, the largest annual growth since August 2006. All of these factors helped residential fixed investment to add nearly 0.4 percentage points to real GDP growth in the fourth quarter alone."

Freddie Mac released their results showing mortgage rates continuing to trend higher amid a growing economy led in part by the recovering housing market. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13thof last year. The all-time record low for the 30-year fixed was set the week of November 21, 2012, when it averaged 3.31 percent.

 

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Rate Updates:

  • 30-year fixed-rate mortgage  averaged 3.53 percent with an average 0.7 point for the week ending January 31, 2013, up from last week when it averaged 3.42 percent. Last year at this time, the 30-year FRM averaged 3.87 percent.
  • 15-year FRM this week averaged 2.81 percent with an average 0.7 point, up from last week when it averaged 2.71 percent. A year ago at this time, the 15-year FRM averaged 3.14 percent.

    Financing Checklist

    Home Financing ChecklistOne of the most important steps you will take when you prepare to search for your new home is to determine how much home you can afford, and then to secure a loan pre-approval for that amount.

    At Liz Moore & Associates, we’ve tried to take much of the stress out of this process by providing experienced guidance on the pre-approval process, the numerous mortgage products available and even help you select the lender that will best meet your specific situation.

    There are several documents you will need to gather in advance to expedite your loan application. At a minimum, you should have the information listed on our Home Financing Checklist.

    Want to chat about mortgage options, rates, VA Loans, FHA,  Reverse Mortgages, Conventional Loans or getting approved ?

    Contact me and I will put you in touch with one of our prefferred lenders.

    John@MrWilliamsburg.com

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