Mortgage markets improved last week for the second consecutive week. With no news coming from Europe, Wall Street was focused U.S. economic data and Federal Reserve Chairman Ben Bernanke's planned public speech from the Fed's annual retreat in Jackson Hole, Wyoming. Rate shoppers and home buyers in Phoenix caught a break. The housing market was shown to be improving last week, as was the average household income nationwide -- two events which would have typically moved Arizona mortgage rates higher. But, because the Fed Chairman used his speech to signal that new economic stimulus may be … [Read more...]