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Mailing Address

VITEK Mortgage Group
Corporate Office

3 Parkcenter Drive
2nd Floor
Sacramento, Ca 95825
Toll Free: (800) 570-5300

Language of your Mortgage Loan Originator:

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 Remains Unchanged

04/06/2018

Treasury prices moved higher overnight as trade war tensions escalated after China indicated it would counter US tariffs “ to the end, and at any cost”. Overseas data was light but today’s US economic calendar delivers the most anticipated data point of the week. The headline Nonfarm Payroll Report posted a disappointing increase of +103k vs forecasts of +175k. Private payrolls growth of +102k was also below expectation of 175k and the Unemployment Rate remained unchanged at 4.1%. However, the details were not quite as gloomy as Average Hourly Earnings were in-line with forecasts of a +0.3% increase and the Labor Participation Rate of 62.9% was above forecasts of 62.8%. Treasury prices have mostly shrugged off the news as investors await this afternoon’s appearance by Fed Chair Jerome Powell at 1:30PM ET. Looking ahead to next week, Wednesday’s schedule will garner the most attention with CPI and FOMC Minutes on the docket. Currently, the 10yr yield is at 2.781%.

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