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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 Remains Unchanged


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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