Rates were little changed Friday as mortgage-backed securities gave back yesterday’s late gains following the release of stronger than expected employment data. This morning, the Labor Department reported a net gain of 255,000 jobs in July, far exceeding the consensus forecast of 180,000. The Unemployment Rate remained at 4.9% as more people entered the workforce. Average Hourly Earnings rose 0.3% and were 2.6% higher than one year ago, slightly above expectations. Separately, the June Trade Deficit came in a bit higher than expected. Stocks rallied on the employment news. No other key data will be released today.