Rates moved lower Thursday as sharp declines in global stock markets boosted mortgage-backed securities. Yesterday, the Fed announced plans to shift $400 billion of Treasury holdings to long-term from short-term securities in an effort to drive down long-term rates. The Fed statement indicated an uncertain economic outlook by the central bank, resulting in a sharp sell-off of stocks. Rates on 30-year fixed mortgages reached an all-time low this morning. In economic news, weekly Jobless Claims fell to 423,000, above forecast. Leading Indicators rose 0.3%, a bit more than expected. No other key data will be released today.