Lenders that could feel the pinch include Rocket Companies (NYSE: RKT), PennyMac Financial Services (NYSE: PFSI), and loanDepot (NYSE: LDI). Because of the recovery in jobs and accelerating inflation, the Fed has said it will taper its purchases of assets used to stimulate the economy sooner than it expected. Origination volume will decline drastically Mortgage lenders don't love rate hikes because they ultimately lead to a slump in business.