{"id":56205,"date":"2025-11-20T13:38:25","date_gmt":"2025-11-20T17:38:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/fed-rate-cut-hopes-dim-as-mortgage-rates-climb-and-u-s-stocks-dip\/56205\/"},"modified":"2025-11-20T13:38:25","modified_gmt":"2025-11-20T17:38:25","slug":"fed-rate-cut-hopes-dim-as-mortgage-rates-climb-and-u-s-stocks-dip","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-rate-cut-hopes-dim-as-mortgage-rates-climb-and-u-s-stocks-dip\/56205\/","title":{"rendered":"Fed Rate Cut Hopes Dim as Mortgage Rates Climb and U.S. Stocks Dip"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Morgan Stanley<\/strong> has revised its outlook, now <strong>no longer expecting the U.S. Federal Reserve to cut interest rates in December<\/strong> following recent jobs data.<\/li>\n<li>The average <strong>U.S. 30-year fixed-rate mortgage<\/strong> climbed to <strong>6.26%<\/strong> for the week ending November 20, up from 6.24% the prior week, according to <strong>Freddie Mac<\/strong>.<\/li>\n<li>U.S. stock markets turned negative, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>) down 0.3%<\/strong>, the <strong>Nasdaq (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>) down 0.5%<\/strong>, and the <strong>Dow (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>) down 0.2%<\/strong>.<\/li>\n<li><strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> shares also turned negative, experiencing a <strong>1% decline<\/strong>.<\/li>\n<li>Geopolitical tensions were noted as <strong>two members of Iran&#39;s IRGC were killed<\/strong> during weapons training.<\/li>\n<\/ul>\n<p>Financial markets are reacting to a shift in interest rate expectations and rising borrowing costs, as major U.S. stock indices experienced a downturn today. Investment bank <strong>Morgan Stanley<\/strong> has adjusted its forecast for the <strong>U.S. Federal Reserve<\/strong>, indicating that it <em>no longer anticipates an interest rate cut in December<\/em> following the release of recent jobs data. This signals a potentially more hawkish stance from the Fed than previously expected, impacting market sentiment.<\/p>\n<p>Concurrently, the housing market faces headwinds as mortgage rates continue their upward trend. The average rate for a <strong>U.S. 30-year fixed-rate mortgage<\/strong> rose to <strong>6.26%<\/strong> for the week ending November 20, a slight increase from <strong>6.24%<\/strong> recorded in the prior week, as reported by <strong>Freddie Mac<\/strong>. <em>This incremental rise in borrowing costs could further cool the housing market<\/em>.<\/p>\n<p>The broader U.S. stock market reflected this cautious sentiment, with all major indices turning negative. The <strong>S&amp;P 500 (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>)<\/strong> saw a <strong>0.3%<\/strong> decline, while the technology-heavy <strong>Nasdaq (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>)<\/strong> fell by <strong>0.5%<\/strong>. The <strong>Dow (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> also experienced a dip, down <strong>0.2%<\/strong>. This widespread decline suggests investor apprehension regarding the economic outlook and monetary policy.<\/p>\n<p>Individual stock performance also highlighted the market&#39;s negative turn, with chipmaker <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> shares notably falling by <strong>1%<\/strong>, turning negative during trading. <em>This movement in a key tech stock often serves as an indicator for the broader technology sector&#39;s health<\/em>.<\/p>\n<p>In international news, geopolitical developments also surfaced, with reports from the <strong>Mehr news agency<\/strong> indicating that <strong>two members of Iran&#39;s IRGC were killed<\/strong> during weapons training. While not directly impacting financial markets in the same immediate way as economic data, such events contribute to the overall global risk landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Morgan Stanley has revised its outlook, now no longer expecting the U.S. Federal Reserve to cut interest rates 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