Mortgage Rates Inch Back Down to 2014 Low

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Fixed mortgage rates for most home loans fell slightly this week to once again hit their 2014 low. The average interest rate on a 30-year fixed mortgage dipped to 4.12% from 4.14% last week, according to the latest survey from mortgage buyer Freddie Mac. It was at 4.40% a year ago. Meanwhile, the average rate on a 15-year fixed loan dropped to 3.24% from 3.27% last week. At this time last year it averaged 3.44%. “Mortgage rates were down slightly amid a week of light economic reports,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement. “Of the few releases, retail sales were virtually unchanged in July after a 0.2% increase in June, ending five months of increases. Excluding motor vehicles and parts, retail ...

Here is a drone’s view of Jupiter’s Harbourside

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With opening planned in October, final touches are being placed on the hotel, marina, public amphitheater, retail stores and sidewalks at the $150 million Harbourside Place in Jupiter. A drone recently took the attached video of the 10-acre site, the former location for the Burt Reynolds & Friends Museum on the northwest corner of Indiantown Road and U.S. 1 in Jupiter. (Drone courtesy of Allied Capital and Development.) HARBOURSIDE PLACE * Wyndham Grand five-story waterfront hotel, with 179 rooms with outdoor pool overlooking Intracoastal Waterway. Enclosed overhead walkway between two buildings. Hotel is 75 feet tall. * Two five-story parking garages with 929 total spaces. Parking will be validated, the same as CityPlace. Retail stores on bottom floors of parking garages. About 70 outdoor parking ...

Chipotle Mexican Grill expected to open in Jupiter’s Chasewood Plaza within 10 days

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Workers are putting the finishing touches on the new Chipotle Mexican Grill in Chasewood Plaza.  Opening is expected in the next 10 days. The Denver, CO.-based Chipotle has about 1,600 restaurants worldwide. Nearby locations include Palm Beach Gardens, West Palm Beach, Stuart, Boynton Beach, Wellington and Lake Worth. The Chipotle is located next to a new Dunkin’ Donuts that opened last month in the Publix-anchored shopping center on Indiantown Road. The Dunkin’s moved from a different building in Chasewood Plaza into its current location. Hurricane Grill & Wings plans on moving into the old Dunkin’s store. Opening is planned for the end of August. Also planning on opening in the next few weeks in Chasewood Plaza is PetSmart. The store will open in the 14,000-square-foot building that was ...

Mortgage Rates Inch Down Slightly

Fixed mortgage rates for most home loans fell slightly this week to remain near historic lows. The average interest rate on a 30-year fixed mortgage dipped to 4.13% from 4.15% last week, according to the latest survey from mortgage buyer Freddie Mac. It was at 4.37% a year ago. Meanwhile, the average rate on a 15-year fixed loan dropped to 3.23% from 3.24% last week. At this time last year it averaged 3.41%. “Mortgage rates were little changed amid a week of light economic reports,” said Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement. “Of the few releases, industrial production rose by 0.2% in June, below the market consensus forecast. Also, the producer price index for final demand rose 0.4% in June, ...

Water Club twin 19-story buildings begin construction in North Palm Beach

Water Club will be gated (Photo by Bill DiPaolo) Work has started on the Kolter Group’s project to build twin 19-story buildings on the Intracoastal Waterway called Water Club, across from the Benjamin School about a mile south of PGA Boulevard. Plans for the seven-acre parcel include 74 condos in each building, which will have parking on the bottom floor. Twenty townhouses are also planned on the east side of the property. Plans call for Water Club to be a gated community. A private dock on the Intracoastal Waterway for residents is planned. Construction costs are expected to be about $70 million. Kolter bought the vacant 7 acres in 2004 for $23.5 million, according to Palm Beach County records. The condos would likely sell for ...