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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


Retail Sales Improve Less Than Expected

05/12/2017

Treasury prices were modestly higher overnight after a fairly uneventful round of overseas data. Today’s US economic calendar is the busiest of the week with a couple heavy hitters on the docket. Retail Sales and CPI for April were both on the softer side of expectations. Headline Retail Sales improved +0.4%, which was below consensus estimates of +0.6% and the core result of +0.3% was also below expectations of +0.4%. Meanwhile, the headline CPI result of +0.2% was on par with forecasts, however the core index print of +0.1% was below forecasts of +0.2%.  Treasury prices have moved higher in response. Business Inventories and Consumer Sentiment are due up next at 10AM, followed by some Fedspeak. Looking ahead to next week, the schedule is fairly tranquil with Tuesday’s Housing Starts and Industrial Production Reports highlighting an otherwise humdrum week.  Currently, the 10yr yield is at 2.324%.

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