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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

January Consumer Price Index Stronger Than Expected


Treasury prices edged higher overnight ahead of today’s much anticipated inflation data. Overseas data was uneventful but today’s US economic calendar has already added some fuel to recent market volatility. The Jan Consumer Price Index was stronger than expected as a +0.5% increase in headline and +0.3% increase in core both exceeded forecasts of +0.3% and +0.2%, respectively. However, the news was not all good as Retail Sales unexpectedly dipped -0.3% in January vs expectations of a +0.3% increase. Excluding autos, Retail Sales were unchanged vs forecasts of a healthy +0.5% increase. Treasury prices have moved lower in response to the data as investors were much more focused on the inflation results. Currently, the 10yr yield is at 2.8903%.

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