Millennial grocery store opening soon, mortgage rates have fallen

This image provided by Whole Foods shows the logo for 365 by Whole Foods Market, a new chain of smaller stores with lower prices, named after its "365" house brand. Co-CEO Walter Robb says the private-label products will “anchor” the store, but that it will also have a selection of “curated” products, including national brand name products. (Whole Foods via AP)

INDIANAPOLIS (WISH) – Whole Foods is opening its new line of lower-cost stores next month, and mortgage rates have fallen to lows not seen in more than a year.

Nearly a year after Whole Foods announced the five cities that would welcome 365 By Whole Foods Market Store, they have a date for the first store opening.

The first 365 By Whole Foods Market store is expected to open May 25 near Los Angeles.

The store is aiming to offer lower prices and a hip, cool atmosphere to the millennial demographic.

In other business news, the Federal Home Loan Mortgage Corp’s 30-year fixed-rate average sank to 3.59 percent.

The 30-year fixed rate hasn’t been this low since Feb. 2015.

Watch Daybreak for more business headlines from Jane King at the Nasdaq.

 

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