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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


Retail Sales Rise Less Than Expected

01/14/2017

Investors usually pay much more attention to the Retail Sales report than to the PPI inflation data, but today appears to be the exception. MBS have moved sharply lower following the release of stronger than expected inflation data and weaker than expected Retail Sales data. The Dow is up 50 points. December PPI increased 0.3% from November, matching the consensus. However, Core CPI, which excludes food and energy, rose 0.2% from November, above the consensus for an increase of just 0.1%. Core CPI was 1.6% higher than a year ago. December Retail Sales rose 0.6% from November, slightly below the consensus for an increase of 0.7%. Excluding the volatile auto component, though, Retail Sales rose just 0.2%, well below the consensus for an increase of 0.5%.

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