About Matthew
With big dreams and even more determination, Advisors Mortgage Group, LLC was founded in October 1999 by a single loan officer in a 400 square foot office in Shrewsbury, New Jersey. In the years since its formation, Advisors has grown to serve not only the greater New Jersey area, but also a vast portion of the United States.
Our immense experience is our greatest asset and is the foundation of the success of the company and every Advisors branch and loan officer.
Licensed in NJ
Free guides from Matthew
First-Time Buyer Guide
Why own, the 7-step path, the document checklist and the do’s and don’ts — read it here, no download.
Home Buyer Guide
Programs, paperwork and pitfalls — the full buying playbook.
Home Seller Guide
Selling and buying at the same time? Start here.
Where to find Matthew
Matthew works out of our Toms River, NJ – Team Esposito & Rowen office. Branch NMLS #1480246.
What clients say about Matthew
69 client reviews
Verified client reviews via Experience.com
Matt and Nick with Advisors are great to work with, knowledgeable, and keep things moving right along. The whole advisors team was great!
Great company, friendly professional knowledgeable and kept me informed every step of the way guiding through my first mortgage.
Very helpful and no-nonsense approach. Thanks Matt!
I highly recommend Advisors Mortgage for a professional and knowledgeable mortgage experience! Matthew Patterson and his crew made my mortgage application an exceptionally smooth and straightforward experience.
I can't thank Matt and his team enough. They made a difficult process easy, even through all the ups and downs they were amazing!
Matt was very kind and gracious, thorough and efficient.
Every thing was easy to understand and the whole process was smooth from beginning to end.
I knew somebody at Advisors mortgage had my back, I was not alone
Matt was extremely helpful throughout the entire process of our construction loan. Everything was explained thoroughly with no surprises. I highly recommend Matt for any of your mortgage needs.
Matt and his team were very responsive and attentive to my questions and concerns. They made a stressful situation a more pleasant experience.
Matt made the whole process easy and with us every step of the way to get us to closing. Super satisfied helped with a lot of the stress
Great job guys so easy
Matt is an exemplary professional and a pleasure to work with during the mortgage application process. He was always available to answer questions and provided timely status updates. I’m so glad I was referred to Matt and would recommend him to family, friends and anyone interested in securing a mortgage.
From the very beginning the whole team were exceptional. Matt and Janet are true professionals in every aspect. I wi recommend Advisers to anyone that needs a great team.
From the start , Matthew and his staff made my loan process easy .
Very efficient and pleasant experience.
Matt's been amazing and helpful through this whole process.
Matthew Patterson of Advisors Mortgage could not have been a better fit for our mortgage needs.I highly reccommend his extensive knowledge and experience in the Mortgage arena! Simply the Best!
Matthew Patterson is terrific to work with, he's very quick and efficient. He answered all our questions and which made the refinancing very easy
Great experience overall
Matthew Patterson and Brenda Sharp because they advised and instructed myself on how to go about the loan process and made the process smooth for me. I am ecstatic and so very pleased with their phenomenal service.
Matt did such a great job, he made the process seamless and was always available to answer any questions that I had. I have bought many houses over the years, this was by far the smoothest and easiest. Thank you so much Matt
Faster closing
I would highly recommend advisors mortgage. From my initial call with Matt Patterson, through the loan processing with Brenda! Awesome experience!
Matt and his staff made it great
Latest market updates
The latest PCE inflation report came in cooler than expected, giving both stocks and bonds a boost. Headline inflation rose just 0.3% for the month, while the year-over-year rate fell from 3.7% to 3.4%, better than forecasts. Core inflation, which excludes food and energy, increased only 0.2% and declined from 3.3% to 3.0% annually.
The softer inflation data could reduce pressure on the Federal Reserve to raise rates immediately. New York Fed President John Williams indicated there is no urgency to act following September’s rate hike, although he still expects another increase may be needed later this year.
One area of concern is consumer finances. The savings rate dropped from 4.6% to 4.1%, its lowest level in four years, suggesting consumers continue to spend while saving less.
The inflation report was encouraging for financial markets and showed meaningful progress toward lower inflation, which could help ease some of the upward pressure on interest rates if the trend continues.
Source: MBS Highway
The housing market is shifting in buyers’ favor as more homes become available and competition eases. Redfin reported that,“Sellers outnumbered buyers by 58% in August, the biggest gap in Redfin’s records, driven by a surge in listings and stagnant demand”.
This is the widest gap since Redfin began tracking in 2013. Also interesting is that housing supply reached its highest level in more than a decade, giving buyers more choices and negotiating power.
Affordability remains a challenge, with mortgage rates around 7% and the median existing-home price rising 1.6% year over year. Pending sales and mortgage applications have declined, as high costs and economic uncertainty keep some buyers on the sidelines. Many homeowners are also hesitant to trade their existing low mortgage rates for higher ones.
In some markets, homes are taking longer to sell, prompting sellers to adjust prices and increase marketing efforts. Buyers with substantial cash or home equity are especially well positioned, although the overall sales pace through August remained largely unchanged from last year.
For buyers who are financially ready, greater selection and less competition offer an encouraging opportunity to find a home that fits their needs and budget.
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, bringing the target range to 3.75%–4.00%. The Fed made the move because they feel that inflation remains elevated, while consumer spending, business investment and the labor market continue to show resilience. Higher rates are intended to slow demand and help return inflation to the Fed’s 2% goal.
Although the Fed does not directly set mortgage rates, its decisions influence the bond market and investors’ inflation expectations. When the Fed hikes rates it can be seen as deflationary since it makes borrowing money more expensive and slows down the movement of money. Bond investors’ arch enemy is inflation so a push from the Fed to fight inflation can garner more attention from investors to purchase more bonds which would help mortgage rates decrease. However, the comments following the policy change put pressure on the bond market since Fed Chair Warsh’s comments were seen as “thin” and he also mentioned inflation is still hanging around.
If inflation cools and the Fed wins the trust of the markets by continuing to fight inflation, we could see rates have a chance to improve, but if the opposite occurs rates could continue their trend and increase more. Oil is also a large factor and if we can get it to drop in price it could also assist mortgage rates to improve.
Source : Federal Reserve
