Teen Arrested In Connection With Recent Bank Robberies

Police in Prince George's County, Md., say a 17-year-old who has not been identified is being held in connection with a string of robberies involving young abducted teens.

Investigators said the teenager in custody is being held on a probation violation charge.

Three different teens, were reportedly abducted at gunpoint and forced to rob four different banks.

Police said the first robbery happened about 4 p.m., Jan. 20 at the Wachovia Bank in the 7700 block of Landover Road.

An abducted 15-year-old was forced to rob the bank and then police said he was taken to the 8200 block of Ardwick Ardmore road where he was forced to rob a Sun Trust Bank.

Then on Feb. 6, a man approached a teen on a bus and forced him to rob a Sun Trust Bank in the 7700 block of Riverdale Road.

Police said the suspect in custody is connected to the last robbery, which happened in Bethesda, Md., on Wisconsin Avenue at a Chevy Chase Bank.

Investigators said a 14-year-old abducted from Prince George's County was forced to rob a bank there. He was later seen walking down Rockville Pike stained with ink from a bank dye pack.

Police said all of the abducted teens used notes to carry out the robberies and reportedly brought the cash back to their abductors who waited outside.

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.