Wachovia Bank Robbery Suspect Sought in Hampton

Hampton police are looking for a suspect in a Saturday morning bank robbery - one who authorities say managed to find the time to pay his cellular bill with the stolen loot.

David Wescott, 44, is wanted on one count of robbery and one count of breaking and entering.

Officials say they were called to a Wachovia Bank in the 2300 block of West Mercury Boulevard around 9:40am.

When officers arrived, two witnesses told them what allegedly happened.

The two said they had given Wescott a ride to another bank, but his ATM card didn't work at that location. He then asked the two if they would drive him to the Wachovia Bank where he went inside to inquire about opening an account.

While he was waiting to be seen, police say Wescott went to an open teller and demanded money.

The teller provided Wescott with an undisclosed amount of money and a dye pack.

When Wescott exited the business, the witnesses say he got back into their vehicle and told the driver to leave quickly. Before the vehicle could leave, the dye pack exploded.

According to police Wescott fled on foot - but before exiting the area, he ran across the parking lot to his cellular telephone provider and paid his cellular phone bill with the stolen currency.

Anyone with information on Wescott's whereabouts is asked to call the Crimeline at 1-888-LOCK-U-UP.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.