Mortgage interest rates plunged to a two-year low in September. But how much further will they fall this October?

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

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

Buy mortgage points: Mortgage points are fees paid upfront to reduce your mortgage rate, with each point typically costing 1% of the loan amount. While this involves a higher initial outlay, it can result in significant long-term savings if you plan to stay in your home for several years.