Webster bank robbed as tellers go to work

Houston police are searching for a suspect who held two tellers at gunpoint at the Bank of America at 1560 Bay Area Blvd. Monday morning.

The tellers were walking to the outside teller building at approximately 7 a.m. when they were approached by a man carrying an semi-automatic pistol, HPD Sgt. Michelle Sandobal said.

They described the suspect as a black man aged 20 to 25, between 5 feet 10 inches and 6 feet tall and weighing 170 to 175 pounds.

He was wearing blue jeans and a black hooded pullover. The man forced the tellers into the building and stole an undisclosed amount of cash from the cash drawers inside, Sandobal said. They then fled in an unknown direction.

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.