A Trump-induced interest rate cut won’t actually lower mortgage rates 

A pressured interest rate cut won’t actually lower mortgage rates. It could do the opposite, an economist said. If there is doubt about the central bank’s independence—whether it is politically neutral and committed to its dual mandate of stable prices and maximum employment—it could result in more chaos in the bond market. That would likely push rates on 10-year Treasuries up, and send mortgage rates soaring. 

Read more: https://tinyurl.com/mr45r97y   

Tenants and Landlords Brace for Egypt’s Rent Reform 

For much of the twentieth century, Egypt’s “old rent” laws have capped rents at levels that now seem obsolete. In neighborhoods like Manial, families pay as little as EGP 8 (USD 0.16) a month for spacious apartments, other tenants pay as low as EGP 10-30 (USD 0.20-0.61) per month for apartments and properties in upscale locations such as Heliopolis and Zamalek. 

Read more: https://tinyurl.com/2rtttj56