About Colleen
With 35 years of experience in the mortgage industry, I truly enjoy guiding my customers into homeownership. I love working with first-time homebuyers, and it is an honor helping veterans and law enforcement professionals get the home they deserve. I strive to give all of my customers a stress-free and seamless experience and make sure they feel comfortable along every step of the way. I am a mom to three amazing kids and am blessed with three grandchildren. I am an avid skier, love to play a round of golf and volunteer in my community whenever possible. Contact me for a complimentary mortgage consultation and I will be happy to help.
Licensed in FL, NJ, PA
Free guides from Colleen
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 Colleen
Colleen works out of our Absecon, NJ office. Branch NMLS #2506197.
Absecon, NJ 08201
What clients say about Colleen
83 client reviews
Verified client reviews via Experience.com
Everyone is friendly and easy to work with. Buying a house is a very stressful time and they go out of their way to make the process as smooth as possible.
Excellent experience
I had an outstanding experience with Advisors Mortgage Group LLC while purchasing my first investment property. Since this was my first property purchase, I went into the process with very little knowledge of what to expect, but their team made everything feel manageable from beginning to end. They took the time to walk me through every step, explain the process in detail, answer all of my questions, and make sure I understood what was happening throughout the transaction. Their communication was exceptional. Emails and calls were answered promptly, and I never felt like I was being left in the dark or had to chase anyone for information. What impressed me most was that their support went far beyond simply securing a mortgage. They truly guided me through the entire experience and provided assistance that made a complicated process feel much less overwhelming. Their professionalism, patience, responsiveness, and willingness to go above and beyond made a huge difference for me as a first-time investment property buyer. I am extremely grateful for the level of service I received and would highly recommend Advisors Mortgage Group LLC to anyone looking for a knowledgeable, responsive, and supportive mortgage team. They made my first property purchase a very positive experience, and I would absolutely work with them again.
I am so grateful for Colleen and her team for helping me with the purchase of my first home! They made my process a lot more easier than I expected. Im so thankful for all the advice and knowledge that I've received along the way and I'd definitely recommend anyone looking for a lender to connect with Colleen!
i will happily recommend Advisor's Mortgage to any and all of my famiky family and friends Everyone is so knowledgeable and friendly and works so hard in the background while still making you feel at ease I would choose them 100 times over Thank you so much!!!
Excellent! Will use again and recommend to others
Seamless easy
Everyone was exceptional
Advisors.Mortgage went above and beyond to help me close on my dream home from the moment I signed paperwork to the time I signed paperwork to close.They were exceptional, and they went above and beyo
Everyone worked so hard to help me! greatly appreciated!! Wonderful group to work with .
Colleen Reed and the rest of Avisors Morgage team made the loan process easy and found the perfect loan for my needs. I highly recommend them to anyone looking for a loan or mortgage. Thank you Colleen Reed and the Advisors mortgage team for a great experience.
Communication was good and any issues we had we quickly taken care of.
Colleen and the Advisors team worked hard to make sure our family 's goal was met. We felt like we were in good hands and the team was attentive and communicative throughoit the process!
goof and concise assistance for a first time homebuyer. Helped resolve issues throughout the process.
Thank you Great Job Done by All!
Had no issues!
Colleen Reed and her team made the mortgage process extremely easy and efficient! Highly recommend to everyone!
Nice to work with.
Colleen Reed was very informative, frien and professional with all information that was needed to get us through the process.
Hopefully we'll do business again.
As a first time buyer, we have too many questions because we didnt know very well the process, but Colleen was there from the biginning guiding us thru all the process. We are really grateful to her and her team!
Working with a local mortgage company definitely felt more personal than with a larger one. Colleen was able to work competetively against other rates I've been receiving and was able to get me a better rate! I would definitely recommend Advisors Mortgage Group.
great Financial advice , very helpful
Colleen was very comunative and helpful during the whole process was a pleasure doing business with her and her team
Not much to be improved on, the housing purchasing process is just not enjoyable.
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
