It looks like that mortgage rates are heading up for now, as better-than-expected U.S. economic data got released on Thursday and Friday, respectively.

Including in these optimistic econonic reports is the durable goods orders data for June, which showed a 1.6% increase. Generally, this data suggests a sign of confidence from both businesses and consumers, that the economy is heading to the right direction. The current data marks the second straight month of increase in durable goods orders. This is a better-than-expected economic data, as previously, economists surveyed by Marketwatch had forecasted an increase of 0.6%.

U.S. jobless claims last week fell by 35,000 to a seasonally adjusted 353,000, according to the Labor Department. While this is a positive sign, seasonal factors – like temporary summer shutdowns in the auto industry – may have distorted the figures. The pace of layoffs is often measured based on the unemployment benefits applications. When the number of initial jobless claims falls below 375,000 it indicates that hiring is strong enough to pull down unemployement rate.

Regarding today’s mortgage rates, Bank of America (NYSE:BAC) offers its 30-year fixed rate loan at a rate of 3.875% plus an annual percentage rate of 4.036%. The 15-year fixed rate counterpart still holds its promise at a rate of 3.125% and has a competitive APR of 3.369%.

Adjustable rate mortgages might be suitable alternatives for those potential borrowers, who are in the market for some home loans that come with flexible conditions. The 7/1 ARM starts at 2.750% and amounts to an APR variable of 3.240%. The 5-year ARM, on the other hand, demands only 2.375% in interest and yields to an APR figure of 3.172% as of Friday.

Others, who prefer to lock in a favorable mortgage with the assistance of Wells Fargo (NYSE:WFC) will find a great selection of attractive rates. For instance, the benchmark 30-year fixed rate mortgage for home refinancing is available at a rate of 3.750% and bears an APR sum of 3.925%. Fixed rate loans are also available over a shorter period of 15 years with an interest rate of 2.875% and an annual percentage rate of 3.182%.

Would-be borrowers, who are determined to secure an FHA-insured 30-year fixed deal, can do so at Wells Fargo, if they are willing to pay 3.500% in interest plus an APR variable of 4.551%.

The 5-year ARM opens at a slightly higher rate today, as borrowers can pick it up at a rate of 2.375% with an APR amounting to 3.115%.

Rounding out the report with current mortgage rates at Chase (NYSE:JPM), today the standard 30-year fixed refinance loan has a daily low of 3.750% and bears an annual percentage rate of 3.853%. The shorter but equally popular 15-year fixed option may fit some borrowers’ bill better, as it starts at 3.000% and carries an APR figure of 3.144%.

ARMs are available at Chase at more than decent rates this Friday, with the 7/1 adjustable rate loan holding a rate of 2.625% and an APR sum of 3.094%, while the 5/1 ARM version can be locked in for as low as 2.500% and comes with an APR variable of 3.099%.