Chesapeake Wachovia Bank Robbed Tuesday

The Wachovia Bank on Portsmouth Boulevard in Chesapeake was robbed Tuesday around 3:15 p.m.

The suspect passed a note to the teller demanding money. There were no indications of the suspect having a weapon.

The suspect was last seen running toward the business area behind the bank with an undisclosed amount of money.

He is described as a white man in his early 20s, about 5'8" tall, 150 lbs. He was wearing wire rim mirrored sunglasses, a navy blue sweatshirt with a hood, faded blue jeans and white sneakers.

Anyone with information is asked to contact Detective Maloney at 382-8856 or the Crime Line 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.