The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE:RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.
"Yes, we are off record highs from a market perspective, but we're still looking at $2 trillion to $2.5 trillion of mortgages being done this year," Rocket Companies CEO Jay Farner said Wednesday on CNBC's "The Exchange."
