The short version of the announced changes includes a higher MIP, plus a policy change that will require mortgage insurance to be paid for the life of certain FHA home loans. (Some types of refinancing are excluded from the MIP increase.)
According to the FHA official site. “FHA will increase its annual mortgage insurance premium (MIP) for most new mortgages by 10 basis points or by 0.10 percent"
Full Story: http://www.fha.com/fha_article.cfm?id=414
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