On March 6, the FHA announced price cuts to the Streamline Refinance Program.  Beginning June 11, the FHA will lower its Upfront Mortgage Insurance Premium to 0.01% and reduce its annual premium to 0.55% for certain FHA borrowers.  To qualify, borrowers must be current on their existing FHA-insured mortgages which were endorsed on or before May 31, 2009.  FHA Release.