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Florida Sinkhole Consumes 36-year-old Man From His Bedroom

A 36-year-old Florida man went missing from his home after a large sinkhole sunk his bedroom on Thursday night, reported Los Angeles Times.

China's New Mortgage Rules, The Latest Efforts To Cool Real Estate Market

As China's housing market displays an extreme price gap between the biggest and the smaller cities, Chinese central banks are increasing down-payment costs and interest rates for second-home mortgages, reported Bloomberg Businessweek.

30-Year Fixed Mortgage Drops to Historic Low 3.51 percent

This week the average U.S. rates on fixed mortgages hit a new record low--at 3.51 percent for 30-year fixed mortgage, reported The Associated Press.