The homebuying landscape could look a little different now that mortgage rates are falling. Witthaya Prasongsin/Getty Images

Before the September Federal Reserve rate cut was even official, mortgage rates began to fall in anticipation, and, as a result, recently hit a three-year low . Some slight upticks followed before mortgage rates decreased again. Rates are now at an average of 6.49% for 30-year fixed-rate mortgages, according to the latest data. That's down significantly from the recent highs of 7% or more that we've seen over the last year.

And, there could be more good news on the horizon. Right now, it seems likely that the Federal Reserve will cut the federal funds rate again in October and December, based on projections from the CME Group's FedWatch tool. As m

See Full Page