Wells Fargo boss forecasts improving US mortgage market

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The boss of one of the largest mortgage lenders in the US says he expects the housing and home loan markets to improve but says there won’t be a ‘boom’. Wells Fargo’s John Stumpf told CNBC that there is still a perception that getting a mortgage is hard but that availability and great rates are the reality. On interest rates he expects the Fed to make the first increase, of 25 basis points, in September but does not predict that rates will increase much in the short term.

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