With no economic data scheduled to be released today, mortgage rates will likely have a minor downward movement due to the ongoing concerns over Europe. Next week a whole lot of domestic economic data will be released including the FHFA Home Price Index, new home sales, durable goods orders, besides others. These reports will give us an insight on the current state of the U.S. economy.

Regarding this week’s domestic economic data, applications for unemployment benefits rose by 34,000 to a seasonally adjusted 386,000 last week, according to the Labor Department. Although, it’s difficult to determine the current state of the job market, as automobile plant layoffs are common in this period of the year, still this is a weak data.

Existing home sales in June dropped 5.4% to a seasonally adjusted 4.37 million, the National Association of Realtors stated on Thursday. That’s down from May’s upwardly revised 4.62 million and once again questions the pace of the housing market’s recovery.

Meanwhile, the Federal Reserve Bank of Philadelphia said that factory activity in the mid-Atlantic region contracted in July, for the third straight month. Although, business activity increased from June’s -16.6 to -12.9 in July, it’s still a disappointing data. It falls short of economists’ expectations which called for a -8.0 reading.

Coming back to current mortgage rates, one of the largest U.S. lender, Wells Fargo (NYSE:WFC) advertises the benchmark 30-year fixed rate refinance loan at a rate of 3.750% and an APR sum of 3.925%. With regards to the shorter but equally popular 15-year fixed counterpart, the starting rate is hovering around 2.875% plus an APR variable of 3.182%.

Across the different type of mortgage packages, the 30-year fixed FHA seems to stand out, as it demands only 3.375% in interested plus carries an APR variable of 4.410%.

Refinancers more interested in adjustable rate loans will find the 5-year ARM at Wells Fargo being advertised for as low as 2.250% plus an APR sum of 3.153%.

Browsing through mortgage loans at Chase (NYSE:JPM), there are a number of interesting deals on offer today for those who consider home refinancing. Starting with fixed rate packages, the 30-year FRM is now up for grabs at a rate of 3.750% and yields to an APR of 3.832%. The 15-year fixed rate mortgage offers an excellent value for money as well, as it can be taken home at a rate of 3.000% and comes with an APR figure of 3.107%.

Refinancing with the help of an ARM loan is also a possibility and Chase has some attractive deals for customers who are interested in this solution. The 7/1 ARM carries an interest rate of 2.625% and has a competitive APR variable of 3.067%. In case of the 5-year ARM, it begins at 2.375% and bears an annual percentage rate of 3.068%.

Looking at today’s mortgage interest rates at Citibank (NYSE:C), the 30-year fixed mortgage is available at a rate of 3.625% and amounts to an APR sum of 3.787%. Those who are opting for the 15-year fixed mortgage loan can expect a rate of 3.000% and an APR of 3.267% as of Friday.