Sobre Michael
Michael has been in the mortgage home lending business for 20 years. Michael has an abundance of experience in residential lending, helping folks realize their dreams, and goals of home ownership. His in-depth knowledge and understanding of all Government Sponsored lending programs from FHA, Renovation Loans, VA, USDA, HECM, to Fannie Mae and Freddie Mac Conventional loans is vast.
Michael’s NMLS # is 5224 and is licensed in New Jersey. Michael has been with Advisors Mortgage Group since 2008. Michael can be reached at 732-778-7799 or by email at mmurphy@advisorsmortgage.com
Con licencia en NJ
Guías gratuitas de Michael
Guía para compradores primerizos
Por qué ser propietario, los 7 pasos, la lista de documentos y qué hacer y qué no: léala aquí, sin descargas.
Dónde encontrar a Michael
Michael trabaja desde nuestra oficina de Oceanport, NJ. Rama NMLS #131520.
Lo que dicen los clientes sobre Michael
66 reseñas de clientes
Reseñas verificadas de clientes a través de Experience.com
My wife and I worked with Mike Murphy to purchase our first home and he provided excellent support and guidance throughout the process. Mike was friendly, informative, and very responsive when we had questions. I would highly recommend him to family and friends.
Michael guided me through the required documents and we were able to put everything together to close on my refi in record time and with no issues!
Great work
Mike was excellent and kept us informed throughout the entire process. I would highly recommend him for any level of services.
Ratings in the 90's.
Mike and his team made the process easy and informative. Would recommend!
Communication was great and Mike made everything clear and understandable as a first time homebuye.
Michael and his team were flexible, reactive and kept their cool as our loan needs changed multiple times throughout the process.
Mike went above and beyond, always looking for ways to make the process smoother and remove any worry. The whole team at Advisors worked well to provide a simple closing process even with a delayed closing process on the sellers side due to an uncooperative tenant.
Thank you so much for all of your help.
Michael Murphy was so helpful throughout our home buying process. We are first time homeowners and every question, thought, or wondering we had, he was happy to help. He was extremely responsive. Weekends, late nights, etc. He made the process seamless for us and we cannot thank him more!
Excellent communication
Michael Murphy our mortgage agent was very knowledgeable, efficient , considerate, and patient with us during our multiple bids on our quest to buy a house. always pleasant to work with.
Mike and his team are wonderful! They are responsive, kind and truly a pleasure. So glad I got my first mortgage with Mike and I look forward to using him in the future.
Mike and his team were amazing with everything! As first time home buyers we had no idea what we were doing and Mike and the entire team were extremely patient. They helped us learn the ropes of getting a mortgage and made the process painless. I would recommend them to anyone looking for a mortgage.
I got a reasonable interest rate. I paid off my car and found my first house.
The team's communication was greta. They answered quickly and knowledgeably which made my experience easy as a first time homebuyer.
Quick responses to problem areas and delays.
Great experience, smooth and easy process. Would definitely recommend!
5 stars, highly recommend.
As senior citizens going through the loan process, many changes have occurred through the years. Michael Murphy was EXTREMELY patient guiding us through this process.
Michael has a lot of experience and it shows. He gave good advice, talked me through the process, and even made me understand where other companies fell short and even were not forthcoming with information. The process was smooth and quick
Advisors Mortgage Group has been amazing. Especially Michael Murphy. We've known Mike Murphy since 2018 when we purchased our first home. He is very knowledgeable and helped us through every step of the mortgage process as well as the refinance process a few years later. He deserves more than five stars. If you are looking to buy or refinance, Mike is the guy you want to work with!
Everyone that was there helpef
Everyone that helped
Últimas noticias del mercado
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
