US mortgage rates today after Jerome Powell speech at Jackson Hole - are rate cuts around the corner?

Mortgage rates today, August 22, 2025 show a fresh shift after Jerome Powells Jackson Hole comments signaled the Federal Reserve could move toward a September rate cut. The average 30-year fixed mortgage now stands at 6.596%, with FHA and VA loans seeing the sharpest drops, offering new relief to first-time buyers and veterans.