Mortgage rates were little changed Thursday in the wake of better than expected economic data. Retail Sales rose 0.5% in May, the first increase in 3 months, beating consensus forecast. Weekly Jobless Claims fell by 20,000 to 601,000, indicating the pace of job losses may be slowing. Stocks moved higher. The Treasury will auction $11 billion of 30-year notes this afternoon. Mortgage rates have now risen by 1% in the past 3 weeks. Concerns over the growing budget deficit have raised fears of future inflation among investors and frustrated Fed efforts to hold down long-term interest rates.