About Andrew
My favorite part of being in the mortgage industry is seeing the people and families that I helped at the closing table. They are so happy knowing that they accomplished the dream of homeownership. It is truly rewarding to be a part of that journey with them. When I am not working, I like watching football and baseball. I recently got married at the end of 2022 and I enjoy everything about living at the shore. Contact me today for a complimentary mortgage consultation and I will be happy to help.
Licensed in NJ
Free guides from Andrew
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 Andrew
Andrew works out of our Toms River, NJ – Team Esposito & Rowen office. Branch NMLS #1480246.
What clients say about Andrew
12 client reviews
Verified client reviews via Experience.com
Andrew made the process as stressless and zeemless as possible.
I would definetly give Advisors Mortgage Group, especially Andrew Esposito, a 5 star review. I had an exceptional experience working with Andrew throughout the enitre mortgage process. From the beginning, he was very knowledable AND patient with me and was always available to answer any of my many questions. His professionalism and attention to detail helpled to make what could have been a very stressful experience, seem so easy and smooth. I felt that Andrew was always looking out for the best possible outcome for me. I can't begin to thank him enough for guiding me through the process of obtaining a mortgage for my forever home. His commitment to excellence truly exceeded all of my expectations.
smooth process
I had a great experience working with Andrew as my mortgage representative. He was always quick to respond and stayed on top of every detail throughout the process. Anytime he didn’t have an answer right away, he made it a priority to find it and get back to me promptly. His communication and dedication made everything smooth and stress-free. Highly recommend working with him!
I had an outstanding experience working with Andrew on my mortgage refinance. He secured a fantastic rate for me. The closing process was incredibly fast, and he ultimately saved me a significant amount of money. Andrew was professional, knowledgeable and extremely responsive throughout the entire process. He made everything feel smooth and stress-free, always keeping me informed and answering my questions promptly. I truly felt he was looking out for my best interests every step of the way. If you’re considering refinancing or need a mortgage broker you can trust, I highly recommend Andrew. Five- star service from start to finish
Andrew and his team are incredible! They are down to earth, guiding you in a direction that you can understand and feel comfortable while making big decisions on mortgages. I have used them a few times and they are the best!
It was a great experience working with Andrew at Advisor’s mortgage. He was open and transparent through the entire process, being patient to explain every step in a way that I could understand and feel confident with.
Andrew is an amazing loan officer. I am a realtor and used Andrew to help me with my own personal . mortgage needs after I saw the outstanding job he had done with many of the clients I have previously referred to him. He is patient, kind, thorough, and super responsive. He actually picks up the phone to call you instead of always just sending a text so that he knows you fully understand everything. I highly recommend Andrew for all of your mortgage needs and also if you're a realtor, don't hesitate to refer your clients to him!
The quick responsiveness and dedication to do anything to help us.
Highly recommend Andrew and Advisors for your next loan. They are great communicators, provide sounds advice and walk you through the whole process with ease.
Andrew was phenomenal to work with. He made getting a mortgage easy. He also really explained everything well which was very helpful. Andrew went above and beyond to help me get what I need. I would recommend him to anyone!
It was a pleasure and refreshing to deal with someone like Andrew. He was not only knowledgeable, but attentive throughout the entire process.
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
