Mortgage rates were little changed Friday following this morning’s closely watched Employment Report. After a brief sell off, mortgage-backed securities recovered from early losses. The economy added 171,000 jobs in October, well above the consensus forecast of 125,000. The Unemployment Rate increased to 7.9%, in line with expectations, due to an increase in the size of the labor force. Average Hourly Earnings, a proxy for wage growth, was unchanged from September, which was weaker than expected. Overall, the employment data was stronger than forecast. Separately, Factory Orders rose 4.8% last month, slightly below expectations. No other key data will be released today. Next week’s presidential election will likely overshadow all other economic news.