Mortgage rates inched higher Friday despite lower than expected inflation data. The May Producer Price Index (PPI) fell 0.2%, below the consensus forecast for an increase of 0.1%. Core PPI, which excludes volatile food and energy components, decreased 0.1% and was 2.0% higher than one year ago. Consumer Sentiment fell in June to 81.2. A reading of 83.0 was expected. The big economic news next week will be the two-day meeting of the Fed to discuss monetary policy, beginning Tuesday. The Fed will issue a statement and hold a press conference Wednesday afternoon. No other key data will be released today.