Change in American Express cash back cards

Please be aware that American Express is changing the terms on its cash back card (Blue Card) starting June 1, 2009:
Instead of 1.5% on other purchases (after your cumulative spend reaches $6,500) you will only be getting 1.25%. This change makes the card less appealing to people who are looking for a cash back card.

Mortgage Rates Tracker

Mortgage rates went up a bit during last couple of weeks.

Here are today's rates (APR) for fixed conventional (< $417,000) refinance mortgages with 0 points. As of today Wachovia offers the most attractive rates.

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Bank / 15 Yr / 20Yr / 30Yr / Estimated closing costs for $250K loan

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Wachovia --------- 4.71% / 4.80% / 4.87% / $5,372

Chase -------------- 4.76% / 4.84% / 4.80% / $8,300 (1 PT)

Amerisave -------- 4.77% / 4.85% / 4.83% / ~$5,000

Citizens Bank ---- 4.80% / N/A na / 5.16% / ~$5,000

PHH Mortgage -- 4.98% / 5.14% / 5.13% / ~$8,000 (1 PT)

Wells Fargo ------ 4.99% / 5.42% / 5.09% / ~$8,000 (1 PT)

Bank of America - 5.00% / N/A na/ 5.20% / ~$5,000

TD Bank ----------- 5.06% / N/A na/ 5.42% / ~$5,000

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Some experts believe that we have not seen the bottom of the rates yet and expect the rates for 30 year fixed rate mortgages to go down to 4.25% from current 4.85% by the end of 2009. So make sure you don't miss this rare opportunity to lock in once (and if) they do.