It's very hard to generalize, because it really depends a lot on your situation. If you have variable debt, whether it's a mortgage or any other form of variable debt, you'll feel it right away, because your monthly payment will be smaller. If you're one of those people whose mortgage is renewing a year from now and you're calculating the difference between what your payment is now and what it's going to be at rates now, you're probably feeling a little bit of relief because that difference is a bit smaller.
It's very hard to generalize. You have to look at what situation people are in. Overall, even for people who don't have variable debt and don't have a mortgage that's renewing, I think there is a general sense that things are going back to normal.