U.S. mortgage rates saw improvement yesterday, as concerns over the Eurozone’s financial problems increased, which reflected market movements. Although, the early rally of mortgage-backed securities (MBS) – which directly influence mortgage rates – evaporated in the afternoon, it still showed some gains at the end of the day. It’s difficult to predict today’s movements regarding interest rates, as only a few domestic economic data got released and those are rather mixed. We expect that mortgage rates will be somewhat volatile today and we don’t anticipate any large net change.

Tuesday’s domestic economic reports include the Markit PMI Index for July, which showed a reading of 51.8. That’s slightly down from June’s 52.5, signaling that factory activity is expanding at a slower pace now. This marks the slowest expansion of the factory sector since December 2010.

According to the FHFA’s latest home price index, which was published today, U.S. home prices increased 0.8% from April to May. This marks the fourth consecutive month of steady rise in house prices. The current data is better than what economists surveyed by Dow Jones Newswires forecasted, as expectations called for an increase of 0.3% in May.

Borrowers, who are in the market to lock in a favorable mortgage rate, can find a number of excellent home refinancing packages across top mortgage lenders. For instance, Branch Banking and Trust (NYSE:BBT) continues to advertise the 30-year FRM at an excellent rate, which is 3.625% today and comes with an APR variable of 3.711%. Now, those borrowers who are rather leaning towards to take on the 15-year fixed counterpart, can expect 3.250% in interest and 3.385% by way of annual percentage rate.

Refinancing with the help of the 30-year fixed FHA-backed mortgage is also an option and those who qualify for this type of loan, will see a starting rate of 3.250% plus an APR figure of 3.477%. For your reference, last week this mortgage loan was on offer at BB&T Bank at a rate of 3.375% and an APR of 3.593%.

Wells Fargo (NYSE:WFC) offers the 30-year fixed rate mortgage for as low as 3.750% plus an APR of 3.950%. With regards to the shorter but also popular 15-year fixed rate alternative, it starts at 2.875% and features an APR sum of 3.182%.

The 30-year FHA-insured mortgage loan for refinancing has an opening rate of 3.375% and carries an annual percentage rate of 4.410%.

Wells Fargo offers several other attractive mortgage loan packages, so those who are not satisfied wtih the conditions that come with fixed rate loans can take their chances on different type of mortgages. Among adjustable rate loans, the 5-year ARM is being advertised at a rate of 2.250% with an APR amounting to 3.072% as of Tuesday.

Capital One (NYSE:COF) has an array of interesting mortgage deals for those who are considering to take out new debt. The 30-year fixed refinance loan can be locked and taken home for as low as 3.875% and an annual percentage rate of 3.947%. Under Capital One’s refinance program, the 15-year FRM carries a rate of 3.000% and comes with an APR variable of 3.143%.

For those seeking for more flexibe conditions, the 5/1 ARM might be a suitable option, as it’s up for grabs at a rate of 2.375% and holds an APR of 2.441% as of Tuesday.