First Time Home Buyers in the USA

I was watching the news and they said that the cut off time is approaching. I seriously want to buy a house because my rent is going up to 670 a month from 595 a month and that is like a mortgage payment. The tax credit could give you $8,000 back in your pocket for buying a new home. Also interests rates are at the lowest you can get they said. This all make it very tempting to buy a house now. Hopefully they will extend this but they said after the program ends the interest rates will go up.
Is anyone thinking about becoming a first time home buyer in the United States?
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