Starting April 1, the Federal Housing Administration will increase its mortgage insurance premiums for the third time in two years.

Genworth Financial (GNW) estimates the change will raise required mortgage premiums by approximately $130 a month.

And private mortgage insurers are strategically positioning themselves for the changes, offering lower downpayments and monthly payments.

Additionally, the FHA will no longer cancel mortgage insurance premiums on 30-year loans with loan-to-value ratios above 90%. Mortgage insurance premiums on these loans will now be due for the life of the loan.