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Mailing Address

VITEK Mortgage Group
Corporate Office

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

Language of your Mortgage Loan Originator:

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


Employment Report Stronger Than Expected

05/03/2017

Treasury prices were mostly unchanged overnight as mixed data from overseas is being overshadowed by today’s US activity. Specifically, the FOMC meeting concludes this afternoon and investors have low expectations for an actual rate change but instead will be looking for hints on the likely outcome of June’s meeting. In terms of data, the ADP Employment Report was slightly stronger than expected with 177k actual level coming in above forecasts of 170k.  The PMI Services Index is due up next at 9:45AM ET followed by ISM Non-Manufacturing Index at 10AM.  Lastly,  the Weekly MBA Mortgage Applications Index showed a slight dip in production of -0.1%.  Purchase activity increased 4.0% while refinances slid -5.0%. Compass's own measure of the purchase/refi mix (indicated below) shows that purchases hold a 67% majority of recent activity, unchanged from last week.  Currently, the 10yr yield is at 2.292%.

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