FHA announced that it is increasing FHA mortgage insurance premiums. Upfront premiums will be increasing by 0.75% and annual premiums on loans less than $625,500 will increase by 0.10% effective with case numbers assigned on or after April 1, 2012.  Annual premiums on loans exceeding $625,500 will increase by 0.10% effective with case numbers assigned on or after April 1, 2012 and by an additional 0.25% effective with case numbers assigned on or after June 1, 2012. The full press release is available at the link below.

http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-037