Mortgage rates inched lower Thursday as weaker than expected European economic data boosted mortgage-backed securities. In the US, weekly Jobless Claims came in at 388,000, above the consensus forecast of 375,000. Pending Home Sales jumped 4.1% in March and was 12.8% higher than one year ago, providing further evidence of gradual stabilization in the real estate market. Results from today’s 7-year Treasury auction will be released at 1:00 PM.