SunTrust Bank to stay in Baltimore's Central Business District

SunTrust Bank announced this week it will keep its regional headquarters in the SunTrust Bank Building, at 120 East Baltimore St., in Baltimore's Central Business District. An original tenant in the building, the Bank renewed its 55,388-square-foot lease for 10 more years. SunTrust employs over 1,000 employees in the Maryland region, with about 150 employees in the downtown headquarters office, which also includes a retail bank branch in the lobby.

Copyright 2006 Dolan Media Newswires

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.