About Harry
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 Harry
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.
Where to find Harry
Harry works out of our Ocean, NJ – West Park office. Branch NMLS #1769827.
What clients say about Harry
8 client reviews
Verified client reviews via Experience.com
Harry Palmer and Advisor Mortgage Group were great to work with throughout the process of buying our first home. Harry was always very easy to reach and had great communication from start to finish. He was incredibly helpful and always took the time to answer our questions and explain everything clearly, which made the whole process feel less overwhelming as first-time homebuyers. We couldn’t be happier with our experience and would definitely recommend Harry and Advisor Mortgage Group.
I've heard from almost everyone I know (who has bought a home) that the acquiring of the mortgage can, and often is the worst part of the home-buying process. However, Harry's expertise and prompt communication made it one of the least stressful parts, if I am being honest. His friendliness is authentic and you will find him to be a genuine joy to work with.
Working with Harry and his team was a great experience . This was our 3rd home purchase so we are familiar with the process and worked with other loan officers in the past. Harry is by far the best we have worked with. This purchase was an estate sale, without a CO, and we needed to adjust our DTI, and use a bridge loan. There were a lot of moving parts and moments of uncertainty, but Harry's calm demeanor, critical thinking, and clear communication made for a very smooth transaction. 10/10 would recommend.
Again, Advisors was great. This was our third home purchase and by far the best lender we've used. I will say once more that Harry was EXCELLENT. Professional in every way.
Harry was the best. So helpful and the communication was top notch .
This was our second time working with Harry . He's very easy to work with, easy to communicate with, and makes the best effort to ensure the client understands what's going on would recommend Harry to anyone
I had an excellent experience working with Harry Palmer. From start to finish, he and his team was professional, transparent, and incredibly responsive. They took the time to explain every detail, answered all my questions, and made the lending process smooth and stress-free. I truly appreciate his dedication and expertise — it’s clear they genuinely care about their clients. Highly recommend to anyone looking for a trustworthy and supportive lender!
This was my first time applying for a home loan, so I had no prior experience. However, thanks to the excellent guidance, detailed explanations, constant follow-up, and quick responses, the entire home-buying process went very smoothly. I’m truly grateful for the support that made my first home purchase such a positive experience.
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
