Mortgage rates inched lower Friday despite the release of stronger than expected economic data. This morning, first quarter GDP was revised higher to 1.2%, above the consensus forecast of 0.8%. April Durable Goods Orders fell 0.7%. A decline of 1.5% had been expected. Stocks were mixed. Mortgage-backed securities markets will close at 2:00 PM today and remain closed until Tuesday in observance of Memorial Day.