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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


MBA Weekly Mortgage Applications Improve

03/08/2017

Treasury prices edged lower overnight as uneventful data from overseas was unable to stem the recent downward momentum. The US economic calendar picks up the pace today with data on employment, productivity and costs. The early morning release of the ADP Employment Report was much stronger than forecasts as private payrolls unexpectedly increased 298k vs forecasts of a dip to 180k from last month’s level of 246k. Treasury prices quickly moved lower in response to the firm report.   Meanwhile, Nonfarm Productivity held steady at +1.3% vs forecasts of an increase to +1.5%. Lastly, the Weekly MBA Mortgage Applications Index showed modest improvement of +3.3%. Refinance activity increased +5.0%, while Purchases posted a +2.0% increase. Compass's own measure of the purchase/refi mix (indicated below) shows that purchases hold a 65% majority of recent activity, up 1% from last week. Currently, the 10yr yield is at 2.560%.

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