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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

Weekly MBA Purchase Applications Surge


Treasury prices were mostly unchanged overnight as a light mix of data from overseas, including weaker data from Germany and Italy, helped sustain yesterday’s price gains.  Today’s US economic calendar is fairly benign with the already released MBA Mortgage Applications Index and EIA Petroleum Status Report highlighting the docket. Mortgage activity increased 7.1% overall with purchases surging 10% while refinances lagged with a +3.0% increase.  Compass's own measure of the purchase/refi mix (indicated below) shows that purchases hold a 69% majority of recent activity, up 2% from last week.  Lastly, investors will be keenly focused on tomorrow’s calendar as the ECB rate decision will be followed by Comey’s testimony.  In the interim, President Trump has announced that he will nominate Christopher Wray to replace Comey as FBI director. Currently, the 10yr yield is at 2.149%.

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