Mortgage rates inched higher Friday on renewed optimism that Greece will reach an agreement for a financial bailout package with the ECB. In economic news, the January Consumer Price Index (CPI) rose 0.2% and was 2.9% higher than one year ago. Core CPI, which excludes food and energy components, also rose 0.2%, above the consensus forecast of +0.1%. Leading Indicators increased by 0.4%, close to expectations. Mortgage-backed securities markets will be closed on Monday in observance of Presidents’ Day. No other key data will be released today.