Bank robbers slip away from deputies

The Marion County Sheriff's Department is searching for two men who held up a Far-Northside bank this morning.

Two men armed with shotguns robbed the Key Bank, 5120 E. 82nd St., about 9:30 a.m., said Capt. Phil Burton, a sheriff's department spokesman.

The suspects, who wore dark clothing and hooded sweatshirts, fled the bank with a bag of money and ran west toward the nearby Lakeshore Apartments, Burton said.

Police recovered the moneybag near the complex. The suspects are believed to have run into a wooded area, Burton said.

The suspects eluded police dogs and an Indiana State Police helicopter and remain on the loose. Investigators are still gathering information, Burton said, adding that the FBI is expected to take over the investigation.

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.