HUD just announced that FHA monthly MI premiums are going up again!

HUD (The Department of Housing and Urban Development) just announced that the monthly mortgage insurance premium for FHA loans is going up from .90% to .115% for FHA case numbers requested on or after 4.4.2011. For a $163,000 purchase the monthly mortgage insurance premium will go up from $118 to $151. That is a $33 increase.