A 30 Year fixed mortgage is what you want to get for piece of mind. Mortage rates are near historic lows. First time buyer programs still exist. Mortgage rates for 30-year fixed U.S. home loans fell to the lowest in five weeks, providing a boost to potential buyers. The average 30-year rate declined to 4.91 percent from 4.98 percent. The 15-year rate was 4.36 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement. Falling mortgage rates, a tax credit for first-time homebuyers and signs the recession may be abating have helped increase demand for U.S. homes. There are new FHA Mortgage Programs to help people like first time buyers. The FHA is an agency of the Federal government that insures private loans that are issued for new and existing housing as well as loans approved for home repairs. Formed in 1934 by Congress, the FHA became part of the Department of Housing and Urban Development's Office of Housing (HUD) in 1965. Today acts as a buffer to lenders by reducing their risk in issuing loans as well as helping borrowers get amounts they qualify for. FHA loans are not just for first time buyers and are available to everyone looking to purchase a home.