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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 Unexpectedly Dip

09/15/2017

Treasury prices remain stubbornly unchanged this morning as another missile test by North Korea and disappointing US Retail Sales data were both unable to spark a bid for Treasuries. Overseas data was uneventful but the latest test by North Korea indicates that Guam is now within range of their launch capabilities. In terms of US data, US Retail Sales unexpectedly dipped -0.2% on a headline level and -0.1% on a core level vs forecasts of a +0.1% and +0.3% gain, respectively. The data was reflective of pre-Harvey and Irma as future reports will be less transparent as the impact of these storms will need to be factored in. However, the news hasn’t been all bad as the latest Empire State Manufacturing Survey was better than expected with the actual read of 24.4 coming in above forecasts of 19.0. Looking ahead to next week, the calendar is robust with the FOMC Meeting Announcement highlighting the docket. Currently, the 10yr yield is at 2.188%.

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