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FHA is putting the following changes in place starting with case numbers assigned on and after September 7, 2010.  

1.) Upfront MI will decrease from 2.25% to 1.25%

2.) Annual MI will increase as follows; 

*Loan to value amounts < = 95% LTV = 1.40% of loan amount

*Loan to value amounts > 95% = 1.45% of loan amount

The mothly payment on a $100,000 with an interest rate of 5% will increase approximately $22.00 a month.

If you have questions regarding this topic or any others give me a call to discuss.