Mortgage interest rates could still fall in October, even without a Fed meeting. Here's what could cause that drop.

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

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:

KEY TAKEAWAYS More homebuyers are returning to the housing market, inspired by the Federal Reserve's recent rate cut.Homebuyers locked in nearly 70% more mortgages on Sept. 23 than the month prior, and mortgage-purchase applications rose by 10% compared to last year following the rate cut.