Mortgage rates crushed previous all-time lows and moved to new record-breaking territory on Monday. With the increasing concerns over the Eurozone’s financial problems we may see further improvements in rates later on this week, however, if happens, a sharp drop is unlikely to be on the cards. Furthermore, the upcoming domestic data on New Home Sales, Durable Goods, Jobless Claims, Consumer Sentiment etc., in case it’s showing that the U.S. economy is picking up, could likely compensate the possible downard movement of mortgage rates, so we have to wait and see how it turns out.

Today’s U.S. economic data features the Markit Manufacturing PMI for July, which showed a reading of 51.8, indicating the weakest expansion of the factory sector since December 2010. Although, the index is still above 50, signaling that the manufacturing sector is expanding, but at a slower pace, as June’s reading was 52.5 and July’s data is even worse.

According to the Federal Housing Finance Agency’s monthly house price index, home prices in May rose 0.8% on a seasonally adjusted basis. On a side note, April’s 0.8% increase was eventually revised downward to 0.7%. On a year-on-year basis, between May 2011 and May 2012 home prices increased 3.7%.

Today there’s a little uptick regarding some of Bank of America’s (NYSE:BAC) mortgage loans. The standard 30-year fixed rate loan for home refinancing remained firm at 3.750% and has an APR sum of 3.899%. Meanwhile, the opening rate on the 15-year fixed rate mortgage ticked up to 3.125% and carries an APR variable of 3.369%.

In case of the 7/1 ARM package, Bank of America offers it at a rate of 2.750% and comes with an APR of 3.230%. The 5/1 ARM version remanined steady this Tuesday, as it demands 2.375% in interest and 3.181% by way of APR.

Turning attention to other lenders, mortgage rates at Chase (NYSE:JPM) remained largely unchanged since Monday, providing another golden opportunity for potential homebuyers and refinancers. The benchmark 30-year fixed refinance loan stands at 3.750% and bears an annual percentage rate of 3.832%. The equally popular 15-year FRM has a daily low of 3.000%, indicating an excellent value and features an APR variable of 3.126%.

Those who are seeking for adjustable rate mortgages, there are a couple of ARM packages at Chase that might be suitable for potential borrowers. The 7/1 adjustable rate loan is available at a rate of 2.625% and amounts to an APR figure of 3.075% as of Tuesday. On the other hand, those who opt for the 5/1 ARM will need to pay 2.375% in interest plus an annual percentage rate of 3.075%.

Rounding out the report with the current mortgage rates at PNC Bank (NYSE:PNC), the long-term 30-year fixed loan is up for grabs at a rate of 3.750% and bears an APR variable of 3.761%. It’s likely that the 15-year fixed rate mortgage will pique some interest from borrowers, as the starting rate for this type of loan is 3.000% and has an APR of 3.015%.