Now hovering just over 6%, many prospective buyers may be wondering about the potential for that rate to fall even further (and by how much). While there are ways for buyers to secure a rate below 6% now, it could fall independently this October. But how far, exactly, will mortgage rates fall next month? That's what we'll break down below.

These are today's mortgage and refinance rates. Mortgage rates have been holding steady. Whether they drop further this year depends on the economy.

The current median interest rate is 6.000% for a 30-year fixed-rate mortgage and 5.250% for a 15-year fixed-rate mortgage.

As mortgage interest rates cool, buyers (and homeowners looking to refinance) should be aware of these four myths.

The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 25, which is 0.010 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday.

Are you tempted to sign a mortgage given where rates are at today? Read on to see why waiting could benefit you even more.

Because rates are still mostly at 6% or higher, home sales have been stalled. But there was evidence from the Mortgage Bankers Association of America this week that a little movem