Scam Takes Advantage Of Bank One Name Change

INDIANAPOLIS -- Call 6 for Help's Rafael Sanchez warned RTV6 viewers Thursday of a scam involving e-mails asking Bank One customers to submit personal information.

The e-mails look like they come from J.P. Morgan Chase, the name that Bank One will soon assume because of a merger. The e-mails falsely claim that people's online bill-pay services will be stopped if they don't submit certain information.

Links in the e-mails take people to a site that appears to belong to Chase, but actually is run by people intending to steal personal information.

Recipients of such e-mails should not do as they instruct, Sanchez reported.

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.