Roll up a post-note and use it to momentarily stop each suspect fan. You'll figure which one is the more offensive culprit. Don't stop the fans for more than a few seconds though, especially the CPU fan.
If it's the PSU fan, and you have a slight bit of electrical knowledge, some intuition, and good tinkering skills, it's very easy to swap a new fan into your PSU. I recommend a cheap Panaflow L1A if your PSU doesn't have an RPM monitor lead, or a Vantec Stealth if it does.
ONE WORD SAFETY QUALIFICATION: CAPACITOR
To anyone reading this thinking "great idea!": If that word does not have any meaning to you, DO NOT attempt this PSU mod. Capacitors store electricity. Big capacitors can store a lot of electricity and release it very quickly. The big ones can pack quite a punch hours--even days--after the PSU has been unplugged. If you don't know or understand what you're doing, you can hurt yourself or severely damage your PSU (or both).