US Jobless Claims Rise, While Mortgage Rates Dip and Precious Metals Gain
WASHINGTON – The number of Americans filing for unemployment benefits saw a notable increase last week, even as mortgage interest rates continued their downward trend and precious metals like silver and gold experienced price surges, according to recent reports.
For the week ending January 31, 2026, applications for jobless aid rose by 22,000 to 231,000, the Labor Department reported Thursday. This figure exceeded the 211,000 new applications forecast by analysts surveyed by FactSet, ABC News reported. Despite the increase, applications remain within the historically low range observed in recent years.
Meanwhile, prospective homebuyers may find some relief in the mortgage market. Mortgage interest rates in 2025 declined by more than a full percentage point on average, according to CBS News. Rates are already more competitive than they have been in years for both buyers and homeowners looking to refinance. Experts suggest that rates could continue to fall this year if certain economic conditions are met or if the Federal Reserve issues another interest rate cut. The central bank is not scheduled to meet this month.
CBS News advises those in the market for a new home or considering refinancing to ensure their credit is in good standing before applying, as a strong credit score can improve access to affordable options.
In the precious metals market, silver has experienced substantial growth, rising by more than 200% since January 2025, according to CBS News. This growth has occurred alongside a surge in the price of gold, which has surpassed numerous price records on its way toward the $5,000 per ounce mark.
Gold has long been considered an attractive commodity, viewed as both a form of currency and an investment, CBS News noted. It is often seen as a safe-haven asset and inflation hedge, particularly during times of market or economic uncertainty. Physical gold, such as bars and coins, has historically held its value, making it a popular choice for investors. However, the price of gold can fluctuate in the short term, making it important for investors to monitor these changes.
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