NASHVILLE, TN – Vitality Senior Living, a Nashville-based senior living provider committed to empowering successful aging through engagement and innovation, has completed the buy of Texas Star Helped Living in Allen, Texas.

Vitality will rebrand the community as Vitality Court, Texas Star. The community opened a year ago and features an open and modern design with 86 apartments offering independent living, helped living, and dementia care lifestyles.

“We are very excited to welcome this new community as we continue to grow Vitality’s unique mission at our second location in Texas,” says Chris Guay, Founder and President of Vitality Senior Living. “Our plot is to build upon an already fantastic community with Vitality-specific physical plant and programmatic enhancements. These enhancements will start day one, as we invest immediately in infrastructure and physical plant upgrades that will support our commitment to enhancing lifestyles and redefining aging through innovation and technology. Texas Star will be another part of proving our vision of empowering successful aging for older adults.”

Vitality’s mission is “to advance independence and contribute to the health and well-being of older adults by making vibrant lifestyles that inspire creativity, support choice, protect dignity, and celebrate experience.”

“Our communities will feature engaging environments and will offer the latest from a wellness, care, design, service and amenity perspective,” says Guay. “Perhaps our most defining difference, but, will be the shared dedication to ensuring successful aging and the philanthropic spirit that will emanate throughout our communities.”

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NEW YORK, NY – Mortgage rates continued their decline this week hitting a new 7-month low, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has a rate of 4.04 percent, the lowest since November 16, 2016, and an average of 0.24 discount and origination points.

The larger jumbo 30-year fixed dipped to 3.99 percent, and the average 15-year fixed mortgage rate dropped to 3.24 percent.  Adjustable mortgage rates were also lower this week, with the 5-year ARM inching down to 3.40 percent and the 7-year ARM sliding to 3.56 percent.  

Mortgage rates fell to their lowest level since the middle of November, possibly heralding a modest increase in refinancing over the coming weeks. Rates on home loans have been falling since mid-May. This week’s decline can be traced to the disappointing employment report for May. The economy made fewer jobs than expected and wage gains were anemic. Although the Federal Reserve is expected to raise small-term interest rates next week, it doesn’t necessarily mean that long-term interest rates for mortgages go in the same direction.

At the current average 30-year fixed mortgage rate of 4.09 percent, the monthly payment for a $200,000 loan is $959.45.

SURVEY RESULTS

30-year fixed: 4.04% — down from 4.09% last week (avg. points: 0.24)
15-year fixed: 3.24% — down from 3.31% last week (avg. points: 0.21)
5/1 ARM: 3.40% — down from 3.41% last week (avg. points: 0.31)

Bankrate’s national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in 10 top markets. For a full analysis of this week’s go in mortgage rates, go to www.bankrate.com

The survey is complemented by Bankrate’s weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. The panelists are mixed this week with 44.5 percent expecting the decline in mortgage rates to continue over the next week and 44.5 percent predicting that rates will remain more or less unchanged.  Only 11 percent of the experts expect rates to rise over the next seven days.

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