When it comes to building generational wealth in America, mortgage rates are one of the most important factors to consider.

In 2022, Canadian home prices fell by the most on record, as rapidly rising interest rates forced a market adjustment.

Investor sentiment in the Asia-Pacific region was lifted by expectations of cooled inflation in the United States. Most markets in the region rose as a result.

According to a survey released by the New York Federal Reserve on Monday, consumers expect to see the burden of inflation easing, and to pull back significantly on their spending.

Mortgage rates are still relatively high compared to a year ago, but home prices have been falling since June.