Last week mortgage activity tumbled, mainly due to the lack of home refinancing efforts. The latest market survey from the Mortgage Bankers Association (MBA) indicates that mortgage applications volume in the U.S. fell 6.7% in the week ended June 29. Following a 8% decline two weeks ago, home refinancing applications posted a 8.4% slump last week. As for loan requests for home purchases, the activity slightly edged up last week in the form of 0.6%.

Low mortgage rates helped many borrowers to refinance their existing loans as of late, however, the sharp decline in refinancing last week eventually translated to the fall of mortgage applications. For plenty of homeowners, who wish to refinance, the biggest problem remains the same: they are unable to meet tight lender requirements, therefore they can’t take advantage of ultra-low interest rates.

The refinance share of mortgage applications slipped further last week. It stands now at 78%, 1 percent down from the previous 79% that it held a week earlier. The MBA’s weekly survey covers more than three-quarters of the U.S. residential mortgage applications.

As for the current refinance rates, Wells Fargo (NYSE:WFC) has a truckload of attractive mortgage loans today for those who are considering home refinancing. The starting rate on the benchmark 30-year fixed rate mortgage is floating around 3.750% and bears an annual percentage rate of 3.925%. Regarding the shorter, 15-year FRM deal, borrowers will need to pay 2.875% in interest plus an APR sum of 3.182%.

For others, who are not quite satisfied with conditions that are coming with fixed rate packages, Wells Fargo offers some suitable alternatives. For instance, the 5-year ARM is available at a rate of 2.375% and holds an APR variable of 3.196%.

Jumbo loans could be also attractive options, especially for those who are preferring non-conforming mortgage deals. The San-Francisco-based lender now advertises the 30-year fixed Jumbo loan for as low as 4.125% which comes with a competitive APR of 4.256%.

Nevertheless, Chase (NYSE:JPM) is also in the circle of those top lenders which continue to amaze potential customers, with some super-low mortgage rates. Today, the 30-year fixed rate mortgage loan is up for grabs at a rate of 3.875% and has an APR of 3.947%. Refinancers, who remained on the sidelines until now, but now ready to take action via a shorter-term mortgage loan, may consider Chase’s 15-year FRM which carries an interest rate of 3.000% and comes with an APR figure of 3.162%.

Borrowers, who rather opt to refinance via adjustable rate mortgages, will see Chase’s 7/1 ARM being lined up at a rate of 2.625% plus an APR of 3.087%. With regards to the shorter, 5/1 ARM, it now opens at 2.375% and bears an APR sum of 3.078% as of Thursday.

Those who are regularly checking Citibank’s (NYSE:C) mortgage rates, may saw some downward movement recently, however, today’s rates are a little bit higher than before the holiday. This Thursday, the 30-year FRM at Citibank begins at 3.875% and yields to an APR variable of 4.039%. The 15-year fixed counterpart might be an ideal solution for some potential takers, as it can be locked in at a rate of 3.250% and an APR of 3.519%.