Mortgage rates started the new week at slightly higher levels, bouncing back from those lower levels seen on Friday. Nevertheless, it’s unlikely that we will see a ton of net change in rates until Thursday, when the Fed may announce further quantitative easing.

Till Thursday mortgage rates will likely remain volatile. In case the Fed introduces QE3, we may see mortgage rates dropping to lower levels, but there’s also chance for a spike in rates. Therefore, for those who are currently in the market for a favorable mortgage rate, it’s advisable to rather act quickly, considering the risk that rates might go up later.

With regards to current national average rates, Freddie Mac said last Thursday that the benchmark 30-year fixed mortgage tumbled to 3.55% during the holiday-shortened week, which marks 4 basis points improvement from the previous 3.59% rate. On the other hand, the 15-year fixed loan averaged 2.86% last week and it remained unchanged compared to its level from two weeks ago.

Earlier this Tuesday, we reported on current refinance rates at Bank of America (NYSE:BAC), PNC Bank (NYSE:PNC) and Chase (NYSE:JPM). In the present mortgage report we will take a look at today’s mortgage rates at some other top lenders.

San-Francisco-based lender, Wells Fargo (NYSE:WFC) offers the 30-year fixed refinance loan at a rate of 3.750% plus an APR figure of 3.925%. The 15-year FRM may garner some interest from borrowers, as the current rate is 2.875% and features an APR sum of 3.182%.

Moving on to see other type of deals, we noticed that the 30-year FHA-backed mortgage package is carrying a fairly competitive rate in the form of 3.500% which is accompanied by an annual percentage rate of 4.551%. Regarding ARM loans, Wells Fargo’s 5-year adjustable rate mortgage can be locked in at a rate of 2.250% with an APR yielding to 3.072%.

Browsing through other lenders’ offerings, Branch Banking and Trust (NYSE:BBT) has the standard 30-year fixed mortgage loan lined up at a rate of 3.875% whic has an APR variable of 3.972% as of Tuesday. Now, those who rather want to take their chances on the shorter-term, 15-year fixed counterpart, can expect a rate of 3.375% which bears an APR of 3.492%.

Looking at more flexible mortgage options, the 7/1 ARM is available at a rate of 2.875% and comes with an APR variable of 2.935%. The 5/1 ARM alternative is coming out at 3.250% in interest and 3.291% by way of APR.

Those who head over to TD Bank (NYSE:TD), will see the 30-year FRM for home refinancing being offered at a rate of 3.625% which carries an annual percentage rate of 3.675%. TD Bank’s 15-year fixed refinance package can be secured today at a rate of 3.000% plus an APR of 3.088%.

It’s possible, this lender’s adjustable rate mortgage offerings will pique some interest from borrowers, as now the 7/1 ARM can be taken out at a rate of 2.750% with an APR yielding to 3.069%. As for the 5/1 adjustable rate loan, the initial interest rate is 2.500% plus an APR figure of 3.040%.