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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

Unemployment Rate Declines


Weaker than expected economic data and a U.S. air strike have lifted MBS this morning. Against a consensus forecast of 180K, the economy added just 98K jobs in March. In addition, downward revisions subtracted 38K jobs from the results for prior months. The unemployment rate declined from 4.7% to 4.5%, well below the consensus for a flat reading of 4.7%, and the lowest level since May 2007. The unexpected decline was due to both job gains and to people leaving the labor force. Average hourly earnings, an indicator of wage growth, fell slightly short of expectations. They were 2.7% higher than a year ago, down from 2.8% last month. Last night, the U.S. launched a missile strike in Syria. In response, investors shifted to relatively safer assets, including MBS. The Dow is up 10 points. No more economic data will be released today. The Fed's Dudley will be speaking at 12:15 et.

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