Report published September 25, 2026
Paul Donovan's Daily Audio: House Problems – UBS Daily Update
UBS · September 25, 2026
UBS Chief Economist Paul Donovan highlights that US mortgage rates rising above 7% squeeze new homeowner spending power despite official inflation data masking the effect. Meanwhile, the EU is pressing the UK to tax Chinese vehicle imports, and markets await US Michigan consumer sentiment data.
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Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.US mortgage rates rose above 7%, eroding the real spending power of new homeowners in a manner not captured by standard inflation metrics.
- 2.The EU is pressing the UK to impose punitive taxes on Chinese-manufactured vehicle imports, threatening UK export access to the European market.
- 3.Market focus turns to final September US Michigan consumer sentiment and August durable goods data, while the Trump-Xi summit concluded without surprises or diplomatic incidents.
Table of Contents
- Audio
Report data
Listen to today's 25 September update
| Metric | Estimate | Context |
|---|---|---|
| US mortgage rates | 7.0% | US mortgage rates climbed above 7% yesterday despite US Treasury Secretary Bessent's efforts. |
Reports in this series
Paul Donovan's Daily Audio is shown in chronological order through this edition, published on September 25, 2026.
Part of the Paul Donovan's Daily Audio series — view all 42 editions
Looking for the latest edition? Audio en 1667791 (Oct 9, 2026)
- Sep 18Audio en 1666788
- Sep 21Audio en 1666859
- Sep 22Audio en 1666930
- Sep 24Audio en 1667071
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