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Mailing Address

VITEK Mortgage Group
Corporate Office

3 Parkcenter Drive
2nd Floor
Sacramento, Ca 95825
Toll Free: (800) 570-5300

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Customer Login - Coming soon!

You will be able to log in for up-to-the-minute updates on your loan in process and easily submit needed documentation to us to help ensure a faster transaction for you. This new state-of- the-art communication system will also support our efforts toward complete paperless transactions and helps us further our Think Green initiatives!

Industry News

Mortgage Industry News

1st Quarter GDP Has Solid Growth


Treasury prices received a modest lift overnight from an assortment of disappointing economic reports from Asia and Europe. This was despite the positive news of a deal between North and South Korea to end their war and move to denuclearization. Today’s US economic calendar includes the most significant data point of the week in the form of 1st Qtr GDP. The results were stronger than expected as 2.3% growth was solidly above forecasts of +2.0%. However, Consumer Spending slowed to 1.1% vs last quarter’s level of 4.0%. Meanwhile, the 1st Qtr Employment Cost Index was slightly stronger than expected with a +0.8% change exceeding estimates of +0.7%. Looking ahead to next week, the calendar heats up with the midweek FOMC Meeting Announcement followed by Friday’s Nonfarm Payroll Report. Currently, the 10yr yield is at 2.956%.

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