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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


May Durable Goods Orders Softer Than Expected

06/26/2017

Treasury prices edged slightly lower overnight as limited but better than expected data from Europe applied modest pressure.  The US economic calendar hits the ground running with the early morning release of the May Durable Goods Orders Report.  The results were softer than expected as New Orders dipped -1.1% vs forecasts of -0.4%.  Excluding transportation, the results weren’t much better as a +0.1% increase was below estimates of +0.5%.  Lastly, Core Capital Goods unexpectedly declined -0.2% vs forecast of an increase in shipments of +0.2%.  Treasury prices have moved modestly higher in response.  Key activity for the rest of the week includes tomorrow’s appearance by Fed Chair Janet Yellen, Wednesday’s International Trade in Goods, Thursday’s GDP Report and Friday’s Personal Income and Outlays.  Currently, the 10yr yield is at 2.125%.

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