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.

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.

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.

With so many factors driving mortgage interest rates, it's worth monitoring each day. But the following three dates could be particularly influential:

The 30-year mortgage averaged 6.09%, according to Freddie Mac -- a big drop from a 7.79% spike last year. Where are rates headed?

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

Mortgage rates showed little movement this week with 15-year mortgages ticking up, but the average 30-year fixed-rate mortgage inched down to the lowest level since 2022.

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