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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

MBA Mortgage Applications Improve


Treasury prices moved lower overnight as a combination of hawkish Fedspeak and better than expected data from overseas applied the downward pressure. Today’s US economic calendar remains very active with a handful of economic data as well as a couple of planned Fed appearances. Thus far, a report on January Personal Income and Outlays had mixed results. Specifically, an increase in Personal Income of +0.4% exceeded expectations of +0.3% but Consumer Spending was softer than expected with an increase of +0.2% vs forecasts of +0.3%.  The Core PCE Price Index was in-line with estimates of +0.3%.  The PMI Manufacturing Index, ISM Manufacturing Index and Construction Spending are due up next.  Lastly, the Weekly MBA Mortgage Applications Index showed an overall improvement of +5.8%. Both purchase and refinance activity increased +7.0% and 5.0%, respectively. Compass's own measure of the purchase/refi mix (indicated below) shows that purchases hold a 64% majority of recent activity. Currently, the 10yr yield is at 2.458%.

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