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.

Last November, the 30-year mortgage rate approached 8%. After the Federal Reserve cut interest rates on September 18, it’s approaching 6%.

Mortgage rate locks are a way to add predictability to your life and prevent rates from fluctuating before you close. But with APRs dropping, when is it a smart move?

In the days leading up to the Fed's announcement, the average mortgage rate dipped to 6.15%, due in large part to lenders preemptively factoring in the anticipated rate cut. But t