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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 Dips


Treasury prices moved modestly lower overnight as mixed data from overseas was overshadowed by this morning’s Employment Report. The headline results were well below expectations as payrolls actually declined -33k vs +90k forecasts, but the impact of recent hurricanes was expected and clearly evident in the results. The BLS noted that it was impossible to identify the exact impact of the storms but investors zeroed in on other details instead. Specifically, they focused on an unexpected dip in the Unemployment Rate to 4.2% from 4.4% that was accompanied by an unexpected increase of +0.2% in the Labor Participation Rate. Additionally, Average Hourly Earnings increased +0.5% vs forecasts of +0.3%. Treasury prices have moved lower in response to the evidence of tightening in the labor market. Data is essentially complete for the week but there is a handful of Fed speakers set to speak this morning and afternoon. Looking ahead to next week, the condensed holiday schedule includes a few notable events in the form of the FOMC Meeting Minutes, Retail Sales and CPI. Currently, the 10yr yield is at 2.357%.

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