Rates held steady Friday as mortgage-backed securities recovered from yesterday’s late losses. In economic news, the first estimate for third quarter Gross Domestic Product (GDP) showed growth of 3.0%, well above the consensus forecast of 2.5%, however increased inventories accounted for 0.7% of the growth. An increase in inventories in the current quarter takes away from future economic activity, therefore the figures were considered close to expectations. Separately, Consumer Sentiment fell to 100.7, a bit below estimates. No other key data will be released today.