Rates stabilized Thursday after hitting their highest levels in three months yesterday. In economic news, weekly Jobless Claims rose to 366,000, in line with expectations. July Housing Starts declined by 1% to an annual rate of 746,000, below forecast, although Building Permits increased by 6% to the highest level in four years. The Philly Fed index, a survey of manufacturers in the Philadelphia region, came in at -7.1, lower than expected. Readings below zero indicate contraction. No other key data will be released today.