Although, this week looks light on domestic economic data, yesterday mortgage rates made up some of the ground, that they lost abruptly late last week. Markets are more active today than yesterday, still we don’t expect a significant movement in mortgage rates this week.

Today, CoreLogic reported that U.S. home prices nationwide rose 1.3% in June, which translates to a 2.5% gain compared to prices same time, last year. This marks the fourth straight month that home prices are improving on both a monthly and annual basis. If we exclude distressed sales from the Home Price Index (HPI) than the current data translates to a 2.0% increase month-over-month and a 3.2% rise on year-over-year.

On Wednesday, we will get new data on weekly mortgage applications volume. The latest mortgage survey from the Mortgage Bankers Association (MBA) revealed a slight increase in mortgage activity in the form of 0.2% for the week ending July 27. It will be interesting to see, if refinance applications volume continue to rise and if loan requests for home purchases will bounce back from the recent slump.

Overall, fixed mortgage rates gained on Tuesday at Branch Banking and Trust (NYSE:BBT). The opening rate on the benchmark 30-year fixed rate loan is now raised to 3.875% which is accompanied by an annual percentage rate in the form of 3.941%. For your reference this type of refinance loan was offered by BB&T Bank at a rate of 3.750% and an APR of 3.815% last week. The interest rate on the 15-year fixed counterpart is also a little bit higher today, as borrowers can expect to get this loan locked in at a rate of 3.375% and an APR variable of 3.491%.

For those who are considering to take on a long-term FHA-backed mortgage, the 30-year fixed FHA may be an ideal solution as BB&T Bank advertises it at a rate of 3.500% with an APR amounting to 3.730% as of Tuesday.

Borrowers choosing Wells Fargo (NYSE:WFC) certainly will be no strangers to record-low mortgage rates, as this lender has been offering some stunning deals over the course of the last few months. This is no different today, as the 30-year fixed rate mortgage is now holding a starting rate of 3.750% and has an APR of 3.925%. Those who are rather focusing on the 15-year fixed alternative, will see that this mortgage loan still hold its promise at a rate of 2.875% plus an APR variable of 3.182%.

If adjustable rate mortgages seem to fit the bill better, Wells Fargo is offering a wide selection of choice, including the 5/1 ARM which starts at 2.250% and yields to an APR figure of 3.072%.

Citibank’s (NYSE:C) refinance mortgage packages remaind solid this Tuesday, with the 30-year FRM carrying a rate of 3.875% and an annual percentage rate of 4.039%. Likewise, the 15-year fixed rate loan remains a competitive option for those who are interested in refinancing their existing mortgage, as this deal is now available at a rate of 3.125% and comes with 3.429% by way of APR.