CMHC Insurance Premiums to Increase June 1st

Recently it was announced that CMHC (Mortgage Default Insurance) premiums would be increasing effective June 1st.  This change is going to  effect those purchasing a house with less than 10% down.  It is specified the increase will be approximately 15%.  This will impact the overall cost of acquiring a mortgage.  Lenders have started indicating in order to get the current rates Mortgage Applications have to be submitted in some cases by May 25th, 2015 and in others May 28th, 2015.  Current Premiums are available here http://shawnmooney.com/mortgagedefaultinsurance.htm