Menu

Religion

Southern Baptists re-elect first black president at annual meeting in Houston

The Southern Baptist Convention has re-elected its first black president, the Rev. Fred Luter Jr.

Luter was first elected in 2012. His presidency comes at a time when the nation's largest Protestant denomination is trying to move beyond its traditional white Southern base.

The Nashville-based Southern Baptist Convention claims 16 million members, but recently announced that membership declined in 2012 for the sixth straight year.

Luter was re-elected on Tuesday during the convention's annual meeting in Houston. He was unopposed and received a standing ovation.

Southern Baptist presidents can serve a maximum of two one-year terms.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.30% dw 4.43%  
15 Y Fixed Graph 3.30% up 3.27%  
30 Y Fixed Jumbo Graph 4.60% up 4.57%  
5/1 ARM Graph 3.34% dw 3.46%  
5/1 Jumbo ARM Graph 3.58% up 3.51%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.47%  
$50K HELOC Graph 4.11% dw 4.17%  
$30K Loan Graph 4.99% dw 5.11%  
$50K Loan Graph 4.40% dw 4.56%  
$75K Loan Graph 4.40% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.90% dw 2.91%  
36 M Used Graph 3.40% dw 3.44%  
48 M New Graph 3.16% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.17% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.68%  
5 yr Graph 1.38% -- 1.38%