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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

Durable Goods Dip More Than Expected


Treasury prices were mostly unchanged overnight ahead of a busy day of activity that includes Fed Chairman Powell’s first semiannual testimony before Congress. Ahead of that, the today’s calendar includes some noteworthy data in the form of Durable Goods Orders and International Trade in Goods. The results have been softer than expected as Durable Goods dipped more than expected by -3.7% vs forecasts of -2.0% Excluding Transportation, Orders unexpectedly dropped -0.3% vs estimates of a+0.3% gain. Meanwhile, the goods deficit unexpectedly increased to -$74.4B in January vs forecasts of a narrowing to -$71.3B. Lastly, the prepared text of Powell’s testimony does not appear to include any surprises as continuity with the previous policy set by Yellen listed as a priority. Currently, the 10yr yield is at 2.918%.

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