Millennial grocery store opening soon, mortgage rates have fallen
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.