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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


Weekly MBA Mortgage Applications Dip

05/02/2018

Treasury prices were under modest pressure overnight as mixed data from overseas provided little direction. Today’s US economic calendar includes a couple significant events with this morning’s refunding announcement followed by the FOMC Meeting Announcement this afternoon. Thus far, the April ADP Employment Report was stronger than expected with an increase of 204k outpacing forecasts of 190k. Meanwhile, the Weekly MBA Mortgage Applications Index decreased -2.5%. Refinance activity dipped -4.0% while purchases edged lower by -2.0%. Compass's own measure of the purchase/refi mix (indicated below) shows that purchases hold a 68% majority of recent activity, up 1% from last week’s level. Lastly, most economists do not expect a rate change today at the conclusion of the FOMC Meeting, but they will be looking for hints to help guestimate the likelihood of three or four additional increases for the remainder of the year. Currently, the 10yr yield is at 2.967%.

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