Not unlike any other day at Compass, today is gonna be yuuuuuuuuuge!
Our Series G financing round of $370 million in new capital was just announced by Robert on CNBC. This round includes new investor Dragoneer Investment Group, (which has invested in companies like Slack, Uber and DoorDash), as well as long-time partners, such as the Canada Pension Plan Investment Board (CPPIB) and the Softbank Vision Fund, who are reaffirming their continued belief in our strategy and success. This investment brings our total capital raised to over $1.5 billion. Thanks so much to everyone in the Compass Family - those who have been here since DAY 1, those who have joined us recently, and everyone who joined somewhere inbetween - who continue to do extraordinary work every day, who help us build this wonderful place we call home, who strive daily to improve our world as well as our profession. THANK YOU!
DID YOU KNOW? The average rate on a 30-year, fixed-rate mortgage was 3.75% last week, down from 4.94% in November. It's possible mortgage rates have already factored in a Fed rate cut. Lenders made $565 billion of mortgage loans in the second quarter, the most in more than two years, as falling rates encouraged homeowners to refinance. At that pace, originations could exceed $2 trillion for only the third year since the financial crisis, according to the industry research group Inside Mortgage Finance. If you want to reach out to your clientele with a favor, maybe let them know this factoid as they may benefit by refinancing a mortgage they took out a year ago..... (WSJ)
DID YOU KNOW? For anyone scratching their head about low government inflation figures as they see rent prices, food prices, healthcare prices, etc rise, know you are not alone.....