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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

Nonfarm Payrolls Surge


Treasury prices edged lower overnight as investors awaited today’s Payroll Report while also digesting reports that N Korea has extended an offer to meet with President Trump. Nonfarm payrolls surged 313k vs forecasts of 205k and the prior month’s level was also revised higher. Meanwhile, the labor participation rate unexpectedly increased to 63.0% vs estimates that it would remain unchanged at 62.7%. Wage pressures don’t appear to be an issue as Average Hourly Earnings only increased 0.1% vs forecasts of +0.2% despite a slight increase in the Average Workweek. Treasury prices have moved modestly lower in response but the initial move appears to be somewhat muted given the strength of the results. Data is limited for the rest of the day but there are several planned Fed appearances this morning and early afternoon. Looking ahead to next week, Tuesday’s CPI Report will likely be a focal point. Currently, the 10yr yield is at 2.894%.

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