The Federal Open Market Committee adjourns from its 2-day meeting at 2:15 P.M. ET today.

It’s widely expected that the Ben Bernanke-led FOMC will reduce the Fed Funds Rate by a half-percent to 0.500 percent.

Fed Funds Rate cuts are meant to stimulate the economy by lowering borrowing costs for businesses and consumers; interest [...]

Lock manufacturer Kwikset recently introduced its SmartCode series, a keyless entry system to replace existing door hardware.

As an alternative to keyed-entry systems, the SmartCode series allows you to create two personalized access codes — one for you, and one for a guest, contractor, or anyone else in need of temporary entry to your home. [...]

A mortgage is a contract between a lender and borrower, defining the terms by which a home loan must be repaid.

The paperwork, signed by both parties, includes provisions for things like:

The interest rate The length of the loan The amount of money to be borrowed

But, like all loans, a mortgage loan [...]

It’s the age-old question for home buyers in need of a mortgage:

Which is better: Fixed or ARM?

Historically, the answer has hinged on a homebuyer’s desire to meet one of two mutually-exclusive mortgage financing goals:

Get low mortgage payments for better cash flow Get long-term payment stability for better budget planning

But because [...]

For most Americans, mortgage interest paid on a home loan is tax-deductible in the year in which it was paid.

With advance planning, therefore, homeowners can increase their 2008 tax deductions and limit their tax liability on April 15.

The key is to make the January 2009 mortgage [...]

Earlier this year and under pressure from the government, mortgage lenders made more than 200,000 loan modifications to delinquent homeowners.

The modifications came in one of three forms, or a combination:

Interest rate reduction Loan term extension Principal forgiveness

But despite the modifications, as of October 1, more than half of the homeowners that received [...]

As the weather turns cooler and home heating systems get fired, it’s important to safeguard your home from carbon monoxide gas. Often called the “slient killer”, the odorless and colorless gas accidentally poisons about 170 Americans each year.

The video above from CBS News tells the story [...]

According to the government, American businesses are cutting staff at an accelerated pace, most recently paring 533,000 jobs this past November.

It’s the largest one-month decline since December 1974 and raises the year-to-date job losses to 1.9 million workers.

However, there is a silver lining in the data for all Americans — [...]

Business television is abuzz this morning with talk of “four-point-five percent mortgage rates”; the clip above ran on NBC Today. The news stems from a leaked story that the U.S. Treasury will intervene in the mortgage market, lowering rates a full percentage point below their current levels.

As cited by every [...]

For the 78th consecutive day, gas prices fell nationwide yesterday. At $1.81 per gallon, the average price at the pump is less than half what it was at its peak in July.

And although gas prices vary by locale, the cost of a fill-up is worthy of national news.

The main reason why national gas [...]