About Fred
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 Fred
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 Fred
Fred works out of our Freehold, NJ office. Branch NMLS #1550602.
What clients say about Fred
27 client reviews
Verified client reviews via Experience.com
Fred Scala and his team made closing on this house seamless and effortless hope to have another house soon to have a similar experience
I came to know about Advisors through Fred. He has helped me multiple times in the past, and has helped my friends and family with their mortgage needs over the years. He is a wealth of knowledge and he goes the extra mile for his clients.
Working with Fred Scala and Advisors Mortgage Group was extremely seamless. As a first time home buyer I didn't know a lot of the navigating necessary and Fred was extremely helpful in guiding me through the process. He also locked my rate in at a perfect time which made a huge impact. The underwriting process and document collection process was extremely clear, streamlined and organized. Danielle who assisted with that was extremely professional and organized. I was buying without a realtor and it was a bit stressful. Fred helped to make the mortgage process completely stress free and I can't recommend him and Advisors Mortgage enough!
Mr Scala was able to make the purchase of this house easy . He walked us through the process initially and was there for us with any question we had throughout the process . We were stressed enough with this major purchase , it was nice to know we were with a reputable company and excellent people . Thanks Again !!
The people there were helpful and communicative. Fred was always an easy phone call to make.
Everything was easy and Fred was very friendly and convenient to reach.
1,000,000 stars Fred and the Adisors Mortgage Group team are great to do business with. If I could refinance or get a new mortgage everday with them I would. All of the people at Advisors Mortgage Group were a pleasure to work with and so kind, courteous, quite patient, and prompt with answers. If you need a mortgage or to refinance one I would contact Advisors Mortgage Group today.
Advisors Mortgage provided me with excellent customer service and a great mortgage rate. Will definitely recommend to my next friend or family member in the market to buy a home.
Fred gets it Done! Would never use anyone else. That’s all you need to know.
Fred is the best to work with. Always gave me a heads up to status so there were no surprises.
Great communication by email, phone, and text, which made the process very streamlined. Ability to have pretty much everything done electronically, which removed a ton of time and stress from the process. And the ability to close at my home at a convenient time for my family, which was an option that we very much appreciated.
Made my experience a lot less stressful
Fred Scala is a loan general who will stop at nothing to get the job done !
Fred Scala and Advisors Mortgage made our experience exceptional. They were with us the whole way and made the process as painless as it could be!
Quick responses and timeliness/availability for advice and discussion. I was able to speak with Fred with any questions and get comparisons at almost any time of day
Good communication and always updating the process
Everything so so quick and done so efficiently. Fred was great and explained things every step of the way.
The whole process moved quickly. Fred was very personable, we always managed to have a quick talk about something other than just the closing which was nice and human! Fred was knowledgable and quick with answers and figures. He also took and returned calls at any time, which helped work around my odd schedule.
The process was quick and efficient . Would refer to friends and family . Thanks for all your help .
Again , everyone involved in this loan was available all the time . We had a very good line of communication for what is needed to complete the loan process in a smooth manner , or if we had a question it was answered very quickly . Thanks so Much !!
Overall follow through during the process
Always responded quickly and answered all questions Courteous and professional
Just a very easy and seamless experience.
Always had clear answers to all questions and timely.
Timely response and proactiveness
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
